Tag: decline

NEWS

WTO Expects Massive Decline In Global Trade

According to the World Trade Organization (WTO), global trade will see a decline of 13 to 32 percent this year as a result of the COVID-19 pandemic. The international organization in a report argues that global trade tensions have led to a 3.2% decline in air cargo volumes in 2019, and current estimates indicate a worsening situation in 2020. Meanwhile, […]

BUSINESS Commerce Social media

China Shows Decline In Quarterly Growth Rate

The Trump’s trade war with China has apparently begun to weigh on the country’s economy. China reported its slowest quarterly growth rate since the global financial meltdown back in 2008. According to the National Bureau of Statistics, the growth figure for the July to September quarter was 6.5 percent from a year earlier. Financial analysts projected figures of 6.6 percent […]

BUSINESS Commerce

Oil Prices Climb

Oil prices headed higher on Friday on the heels of a fresh slide to one-month settlement lows, but still looked set to register a second straight monthly decline. June West Texas Intermediate crude rose 26 cents, to $49.23 a barrel on the New York Mercantile Exchange. Nigel Belle, Readers Bureau, Fellow Edited by Jesus Chan Do you want to add […]