Trade fell by about 12 % in the second quarter of 20 20 relative to late 20 19. That's a similar drop in trade to what happened during the global financial crisis, but it happened much more quickly than has typically been the case in other recessions. The i m f finds that there's i improvement over time in the effect of a given lock down on ade. And they chalk this up to adaptability of supply chains and learning to get around mobility restrictions better.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode