Report on the impact of coronavirus on EU trade by the EU Commission
The current world health crisis will result in a decline of 9.2% in EU exports and 8.8% in EU imports from third countries in 2020, according to the EU Chief Economist note, based on the estimated decline in GDP worldwide. The analysis outlined in this note is one of the few attempts at predicting the impact of the COVID19 outbreak on trade flows. In order to test the robustness of this analysis, results are also compared to the latest WTO trade forecasts published on 8 April 2020.
" The impact of the Covid-19 pandemic on global and EU trade" by the Chief Economist Team, DG Trade, European Commission