The WTO alerts: The first 100 years of Great Depression to return is the cause of the measures against the Coronavirus

Geneva-based WTO, responsible for creating global trade system policies, said even the most optimistic scenario in 2020 was the decline in trade for 13 percent -- a decline this greater than the 2008-09 recession caused by the banking crisis.

But this organization warned that there could be a risk to even more grim outcomes that trade would be reduced by 32%, seen only between 1929 and 1932, writes The Guardian, renders Periscope.

The situation in global trade during the years yet30s was especially due to the protectionist measures imposed by developing countries, and WTO leader Roberto Azevedo warned that placing barriers in response to Covid-19shi would only make matters worse.

These numbers are ugly. There's no need to go around this case. But a powerful and intense setback is possible. The decisions that will now be made will determine the future form of recovery and global growth,” said Azevedo.

Although he did not mention any prominent country, WTO General made it clear that the end of trade tensions between the US and China would help undermine the economic downturn from the pandemic.

“Keeping markets open and predictable, as will increasing a more favourable business environment, will be critical of increasing the investments we need. And if countries cooperate with each other, we will see a recovery faster than if countries work alone. ” /Periscope