The UN has estimated the scale of the decline in world trade in 2020

News

The UN has estimated the scale of the decline in world trade in 2020

23.10.2020 News

Global trade turnover in 2020 will decrease by 7-9%. This was announced on Wednesday, October 21, by the RBC-Ukraine news agency with reference to the report of the UN Conference on Trade and Development UNCTAD.

The decline in trade has occurred in all regions of the world due to quarantine restrictions, the report said. They recall that for this reason, in the second quarter of 2020, world trade lost 19% year on year.

After that, it recovered somewhat in the third quarter, when the decline compared to the same period in 2019 was 4.5%.

“Trade in home office equipment and medical supplies increased in the third quarter. Growth in the textile sector has also been strong. At the same time, it has weakened even more in the automotive and energy sectors, “the UNCTAD report said.

Other articles

  • The tourism industry will lose 120 million jobs
    News

    The tourism industry will lose 120 million jobs

    The global tourism industry could lose 120 million jobs due to the COVID-19 coronavirus pandemic. This was stated in a video message by UN General Secretary Antonio Guterres. According to him, tourism has become one of the sectors most affected by the pandemic, and no country has been unaffected by the sharp decline in international […]

Read also

The UN has estimated the scale of the decline in world trade in 2020
News

China Companies decide to build a solar power in Chernobyl

According to an information of Reuters, Two large Chinese companies plan to construct a solar power station with a capacity of 1 gigawatt in the Chernobyl . For project implementation, the GCL System Integration Technology company intends to get a business  with the China National Complete Engineering Corporation (CNCEC). CNCEC was founded in 1985. in […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

Zelensky commented on the court’s decision to dismiss NABU head Sytnyk

The President’s Office stated that the decision of the Kyiv District Administrative Court (KDAC) to dismiss NABU Director Artem Sytnyk could not be considered final, as it would be appealed. This was announced on Tuesday, October 27 by the press service of the President’s Office. The President also noted that any differences over anti-corruption bodies […]

Next
The UN has estimated the scale of the decline in world trade in 2020
Analytics

China Is the biggest Investor

The history of China’s statehood formation and development achieves several millennia, its nation has made a significant contribution into both material and spiritual culture of humanity throughout the world. Having in possession huge territories, essential labor and material resources and potentially large internal commerce, The Heavenly Empire has nearly all suppositions for creating integral, well-rounded […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

The EBRD has improved its outlook for the Ukrainian economy

In the June forecast, the European Bank for Reconstruction and Development improved its expectations for Ukraine’s economic growth in 2021 from 3% to 3.5%. The EBRD forecasts the same growth next year. The Bank’s analysts believe that the main risks to Ukraine’s economy are related to the slow progress of reforms in the country and […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

Ukraine has attracted almost 2 billion from the sale of IGLBs

The Ministry of Finance held an auction for the sale of domestic government bonds (IGLBs), which raised UAH 1.89 billion to the state budget. This was reported by the press service of the Ministry of Finance on Tuesday, August 3. In total, investors were offered five issues of securities in hryvnia. The weighted average yield […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

The largest financial investor EBRD provided “Ukrainian Agrarian Investments” with $ 20 million

European Bank for Reconstruction and Development (EBRD) provides a revolving credit facility for $ 20 million for working capital of the “Ukrainian Agrarian Investments” company, that has more than 70 farms in northern and western Ukraine. This loan replaces the previous funding of $ 13 million, which was granted to “Ukrainian Agrarian Investments” in 2014. […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

The largest US oil company suffered losses for the first time in 40 years

For the first time in 40 years, the American oil company ExxonMobil suffered an annual loss of $ 22.4 billion. Last year the company’s revenue fell by 30.7% to $ 46.5 billion. The agency notes that the company suffered billions in losses due to the coronavirus pandemic and falling demand for oil, as well as […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

Converse sells shoes on the garbage island

The Converse brand has opened a virtual store on a garbage island in the Pacific Ocean, which consists of 80,000 tons of plastic and is larger than the area of ​​France. The offers of this outlet can be found on the store’s website. It is reported that the Renew Labs space was developed by Virtue. […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

For purchase of the vaccines COVID-19 will be allocated 2.6 billion UAH

Ukraine will allocate 2.6 billion hryvnias for the purchase of a coronavirus vaccine. This was stated by Finance Minister Serhiy Marchenko at the press conference on Monday, September 14. “By 2023, we have a real opportunity to ensure health care spending at 5%. There is an increase in 2021 to 4.2% of GDP for health […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

IBI-Rating and UCRA announced a merger

The rating agency IBI-Rating and the Ukrainian credit rating agency (UCRA) announced a merger. Both companies have the status of authorized rating agencies of the National Commission on Securities and Stock Market of Ukraine and are engaged in the business on the credit rating according to the National Rating Scale. It is reported by the […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

Roshen invests € 25 million in the construction of the Vinnitsa dairy plant

The Roshen Confectionery Corporation plans to invest € 25 million in the construction of the second stage of the Vinnytsia dairy plant. This was announced by the director of the plant Dmitry Roshupkin, – writes the  “Interfax-Ukraine”. “We have already started designing the second stage, the first piece of equipment has been already in order. […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

Another Ukrspirt plant was sold at auction for 90 million

The State Property Fund held an auction for the privatization of the property of the Ivankivka distillery located in the Cherkasy region. According to its results, the state budget should receive 90 million hryvnias, according to the agency’s website. It is noted that six participants competed for ownership at the open auction, which increased the […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

The AMCU has fined the Dnepropetrivsk pharmacy for consumer fraud in 68 000 UAH

According to informed sources, the Antimonopoly Committee has fined the  Dnepropetrivsk pharmacy for consumer fraud. The fine for the violation of unfair anti-competition law amounted to 68 thousand UAH. The Dnipropetrivsk regional territorial office of the AMCU asked the “Pharmacy №338”, LLC (Dnepropetrivsk) to pay the fine as soon as possible. This was said on […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

Ukraine and Canada signed an Agreement about free trade zone

Today 11 July Ukraine and Canada signed an agreement about establishment a free zone. During the signing were attended the President of Ukraine Petro Poroshenko and Prime Minister of Canada Justin Tryudou. Ukrainian MP Stepan Kubiv wrote on his page on facebook, it is a very important document for Ukraine. He will bring the relations […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

Ukraine plans to sell the Odessa Port Factory with the discount

The State Property Fund (SPF) of Ukraine expects to announce the second tender for sale of “Odessa Port Plant” in late summer – early autumn. This was stated by Igor Bilous, head of the State Property Fund at a press conference in Kyiv on Tuesday. “We expect to start the second round at the end of […]

Next
The UN has estimated the scale of the decline in world trade in 2020
News

Aston Martin has introduced a new supercar

Automotive sports car maker Aston Martin has introduced a new Aston Martin supercar Valkyrie Spider. “Aston Martin Valkyrie is a product of incredible innovation and technology, but above all, it’s about emotions. At Valkyrie Spider, we take that passion and emotion to the next level. The driving experience promises to be truly sensational,” said CEO […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com