Economics
World Trade Hit by Virus Sees Worst Collapse in a Generation
- Goods stall at ports around the world due to pandemic
- ‘A war-like scenario’ on the economy, WTO chief economist says
Unemployed men sit outside the Public Library, San Francisco, California, Feb. 1937.
Photographer: Historica Graphica Collection/Heritage Images/Getty Images
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The global economy’s most abrupt and consequential shock in at least a generation is unfolding at ports and other hubs of international commerce as the U.S. and Europe struggle to contain the coronavirus pandemic.