WTO "2분기 세계 무역량, 코로나19 여파로 18.5% 급락"<br /><br />The COVID-19 pandemic effect.<br />The World Trade Organization says global trade is expected to decline by 18-point-5 percent on-year in the second quarter.<br />In a separate report, Moody's forecasts G20 economies will contract by 4-point-6 percent this year.<br />Kim Hyo-sun reports.<br />The WTO expects global trade to drop by a whopping 18-point-5 percent in the second quarter compared to the same period last year.<br />In a report released Tuesday,... the global trade watchdog explained that the plunge is largely due to the COVID-19 pandemic and associated lockdown measures that have affected a large share of the global population.<br />However,... it also added the expected plunge was better than the agency's worst-case scenario,... saying the global economy may have bottomed out in the second quarter.<br />Amid the prolonged pandemic,... Moody's Investors Service has trimmed its 2020 growth outlook for the world's major 20 economies.<br />It forecasts G20 economies to contract by 4.6 percent this year,... which is a decline of point-six percentage points from its earlier forecast in April.<br />It has slashed the growth outlook for major European countries,... which were hit the hardest by the pandemic.<br />Moody's forecasts COVID-19 to hurt Britain's economy,... slashing its forecast to minus 10-point-1 percent from its earlier forecast of minus seven percent.<br />It also cut its forecast for France to minus 10-point-1 percent from minus 6-point-3.<br />As for emerging countries,... Moody's cut Brazil's forecast by one percent.<br />It maintained South Korea's growth forecast at minus point-5 percent,... while it estimates China's economy to grow by one percent.<br />In a bid to resolve the economic fallout of the pandemic,... EU leaders are scheduled to hold an in-person summit on July 17th.<br />The 27 national leaders are expected to discuss a 846 billion U.S. dollar emergency fund,... suggested by its executive body.<br />Kim Hyo-sun, Arirang News.<br />
