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In Money Matters

OECD expects Q3 international trade volumes to fall 10 percent

18th November 2020

OECD expects Q3 international trade volumes to fall 10 percent Pin It

The global trade in goods continued to increase in September, but was less strong than in August. According to the organisation for Economic Cooperation and Development (OECD), trade volumes are still around 10 percent lower than a year earlier because of the COVID-19 crisis.

In September, the organization also saw growth in services in most of the major economies, especially in Japan and China. However, trade volumes are also lower in services than before the outbreak of the coronavirus.

The OECD says that preliminary figures for October indicate persistent weakness in international trade in goods. The organization presents figures on World Trade in the third quarter on 23 November.

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