The World Trade Organization says that due to the coronavirus pandemic, global trade is likely to fall between 13% and 32%.<br />According to Business Insider, the WTO warns that in a worst-case scenario, the drop in international trade could cause another Great Depression.<br />WTO officials expect trade to bounce back in 2021. However, recovery isn't likely to come until households and businesses suffer "painful consequences."<br />The pandemic has already put an unprecedented 16.8 million Americans out of work in the past month and has upended markets worldwide.<br />COVID-19 has infected more than 1.45 million people and killed more than 88,000 since being identified in Wuhan, China, in December.
