And the WTO acknowledged as much when it launched its outlook for international trade last week. Predicting product trade to drop by anywhere in between 13%and 32%in 2020, it added a categoric caution: at the moment, it is only able to presume a large range of possible trajectories for the anticipated decline in trade provided the unprecedented nature of the health crisis triggered by the COVID-19 break out and the unpredictability around its exact economic effect.
