Serhat TUNAR -TDO- World Trade Organization coronavirus (Covid-19) due to aviation and cargo transportation, especially in the service sector, global trade has slowed at the beginning of 2020 announced.
The Geneva-based World Trade Organization announced that its service trade indicator fell to 96.8 points from 98.4 points. The fact that the index is below 100 points means that it is below medium-term trends.
The World Trade Organization said the emerging new data did not yet reflect the full impact of the coronavirus, and reported that decline could continue in the coming months.
According to the World Trade Organization, the biggest declines are in the airline and passenger transport and cargo sectors. While the financial and information technology sectors are also below average, the construction sector does not appear to have been affected by the virus yet.
Stock markets in the United States and Europe are also falling as coronavirus hits the global economy. Oil prices are also falling heavily due to the impact of the outbreak.