The latest issue of the "Barometer of Goods Trade" released by the WTO on the same day shows that the current value of the global goods trade prosperity index reflecting the market in the second quarter is 87.6, which is lower than the 95.5 released in the previous quarter, the lowest value since the index was launched. .
The WTO said that the index reflects that global trade in goods will continue to decline sharply in the second quarter, which is in line with the organization's previous expectations of global trade prospects. In April, the WTO predicted that global trade may shrink by 13% to 32% this year. Its final performance will depend on the duration of the epidemic and the effectiveness of anti-epidemic measures.
According to the compilation rules of the global merchandise trade prosperity index, the value 100 is its benchmark. If the index reading of a quarter is 100, it means that the growth of global trade in goods is in line with the medium-term trend expectations. An index greater than 100 indicates that the growth of global trade in goods during the quarter was higher than expected, whereas the contrary indicates that the growth of trade in global goods was lower than expected.
The World Trade Organization released the Global Trade Prosperity Index for the first time in July 2016. By collecting trade statistics from major economies, it provides an early signal on the current short-term development trend of world trade and provides trade policy makers and business circles with more timely international trade. information.
Since September 2019, the WTO has begun to publish the "Barometer for Goods Trade" report and the "Barometer for Service Trade" reports, replacing the previous report on the global trade prosperity index.
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