Global trade will plunge by up to a third in 2020 amid pandemic: WTO

Global trade growth is expected to plummet by up to a third in 2020 due to the new coronavirus pandemic, the World Trade Organization (WTO) said Wednesday, adding the numbers would be "ugly."

"World trade is expected to fall by between 13 percent and 32 percent in 2020 as the COVID-19 pandemic disrupts normal economic activity and life around the world," the WTO said in a statement.