The biggest drops occurred in developed countries, cutting across all major forms of foreign direct investment.
UNCTAD estimates show a 5% drop in world trade in the third quarter of 2020 compared to 2019, an improvement from the 19% decline in the second quarter but insufficient to pull trade out of the red.
The pandemic has accelerated the shift towards a more digital world and triggered changes in online shopping behaviours that are likely to have lasting effects
Written by Robert Hamwey, UNCTAD Economic Affairs Officer
