The World Trade Organization had expected earlier three different scenarios for the shape of global trade during the current year, but at the present time it excludes to some extent the worst scenario, which is about 32%, and thus trade may need to grow by only 2.5% per quarter for the sake of Achieve the most optimistic scenario.
The World Trade Organization
The World Trade Organization has stated that government support will help avoid the worst-case scenario of declining trade. With expectations that global trade growth will range between 5% and 20% during the year 2021.
On the other hand, the monthly report issued by the German Federal Bank showed that the German economy could contract by about 10% during the second quarter. Thus, the German government stimulus package should boost the economic recovery. As it is not likely to see a major impact during the second quarter. This makes the inflation rate significantly negative from July until the end of the year.
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