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WTO goods trade indicator hits record high

World Trade Organization logo is pictured at its headquarters in Geneva, Switzerland. — Reuters
World Trade Organization logo is pictured at its headquarters in Geneva, Switzerland. — Reuters

BERLIN: The World Trade Organization said on Wednesday its global goods barometer hit a record high, confirming the strength of trade’s recovery after the deep shock caused in 2020 by the Covid-19 pandemic.


The Geneva-based body said its goods trade barometer rose to 110.4 points, the highest since the indicator was first released in July 2016 and up by more than 20 points year-on-year.


“The rise in the barometer reflects both the strength of current trade expansion and the depth of the pandemic-induced shock in 2020,” the WTO said on its website, adding the outlook for world trade continues to be overshadowed by downside risks. — Reuters


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