Current Affairs - Miscellaneous - Discussion

Discussion :: Miscellaneous - Latest Current Affairs (Q.No.191)

191. 

According to the report 'Global Trade Update 2020' released by UNCTAD, the value of international trade in goods is expected to plunge further by how much percent in the ongoing second quarter due to coronavirus pandemic?

[A]. 17%
[B]. 37%
[C]. 47%
[D]. 27%

Answer: Option D

Explanation:

According to the report 'Global Trade Update 2020' released by the United Nations Conference on Trade and Development (UNCTAD), the value of international trade in goods fell by 5% in the first quarter (Q1) of 2020 and is expected to plunge further by 27% in the ongoing second quarter (Q2) due to the unprecedented effects of the coronavirus (COVID-19) pandemic. It has also forecasted a 20% annual decline in trade for the year 2020.

Post your comments here:

Name *:

Email   : (optional)

» Your comments will be displayed only after manual approval.