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Coronaviurs trade impacts: UNCTAD press conference (4 March 2020, Geneva, Switzerland)

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Highlights from the 4 March press conference in Geneva for UNCTAD’s recent report on how the coronavirus outbreak is disrupting global supply chains and has already cost economies billions in exports: bit.ly/2VIePvx

"Right now, the impact on the global value chains is already being felt and will continue probably for a few months. But if it rebounds, say in the next few months, then the long-term or year-long impact will be a little different and will be better. So it depends on what happens in China.

Of course, if the virus continues to spread and gets out of control, and we’ll see closures not only in China but also in India and the United States and everywhere else in the world, then it would be a big problem.”

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Coronaviurs trade impacts: UNCTAD press conference (4 March 2020, Geneva, Switzerland)

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Highlights from the 4 March press conference in Geneva for UNCTAD’s recent report on how the coronavirus outbreak is disrupting global supply chains and has already cost economies billions in exports: bit.ly/2VIePvx

"Right now, the impact on the global value chains is already being felt and will continue probably for a few months. But if it rebounds, say in the next few months, then the long-term or year-long impact will be a little different and will be better. So it depends on what happens in China.

Of course, if the virus continues to spread and gets out of control, and we’ll see closures not only in China but also in India and the United States and everywhere else in the world, then it would be a big problem.”