ISLAMABAD: Global trade is likely to “fall precipitously” in the first six months of this year after the key trade index hit record lows, the World Trade Organization (WTO) has announced. The WTO Goods Trade Barometer, which provides real-time information on the trajectory of world trade, fell to 87.6 from 95.5 in February, suggesting a steep decline in global goods flows. While any readings below the baseline value of 100 indicate below-trend growth, the current level is the lowest on record since the indicator was launched in July 2016. TLTP
