Commission publishes report on the impact of coronavirus on EU trade
Published: 24 Apr 2020
The current world health crisis will result in a decline of 9.2% in EU exports and 8.8% in EU imports from third countries in 2020, according to the EU Chief Economist note, based on the estimated decline in GDP worldwide.
The analysis outlined in this note is one of the few attempts at predicting the impact of the COVID19 outbreak on trade flows. In order to test the robustness of this analysis, results are also compared to the latest WTO trade forecasts published on 8 April 2020.
Posted in Latest Updates
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Latest News
- KÜBLER joined as member of EUROMETAL
- Netherlands, South Korea biggest buyers of Chinese long steel in Jan-Feb
- EU mills withdraw HRC offers, preparing to raise prices
- Metinvest calls for seaports opening for steel exports
- Wuppermann Austria commissions new roll forming line
- Barrett Steel acquires Aartee Bright Bar
- Salzgitter readies ‘last ever’ blast furnace reline
- Italian service centres struggle amid competition, low consumption