NEWS

COVID-19 Puts Commonwealth Countries In Multi-Billion Dollar Loss

Commonwealth countries, including those in the Caribbean, are estimated to have lost up to US$345 billion worth of trade last year as a result of the coronavirus pandemic.

According to the 2021 Commonwealth Trade Review report released on Tuesday, the countries also lost US$60 billion in intra-Commonwealth trade.

The report further stated that most Commonwealth countries also experienced a significant decline in overall Foreign Direct Investment inflows in 2020, with a loss of US$153 billion to the Commonwealth.   

Readers Bureau, Contributor

Edited by Jesus Chan

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