The World Trade Organization (WTO) updated its figures on the future of world trade for the remainder of 2020 and what comes to 2021. In these it found that this year the volume of world merchandise trade will fall 9.2% and in 2021 will grow in the order of 7.2 percent.

Optimism in world trade
The WTO highlighted that the optimism in the updated figures, which in April indicated a drop in volume of 12.9% and now stabilized at -9.2%, is due to the solid trade results in June and July.

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