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Coronavirus wipes USD 50 billion off global exports in February alone

Coronavirus wipes USD 50 billion off global exports in February alone

Thursday, March 5, 2020, 12:54 PM

UN economists announced a likely USD 50-billion drop in the worldwide manufacturing-exports in February alone as the extent of the damage to the global economy caused by the novel-coronavirus moved further into focus. Citing the China-Manufacturing PMI, Pamela Coke-Hamilton, who heads UNCTAD's Division on International Trade and Commodities, said that it had fallen to 37.5 a drop of about 20-points the lowest-reading since 2004.
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