Global trade growth is expected to plummet by up to a third in 2020 due to the coronavirus pandemic, the World Trade Organization said Wednesday, warning that the numbers would be “ugly”.
The value of national non-oil exports amounted to about Dhs354 billion, setting a new record, exceeding Dhs300 billion for the first time in its history, a growth of 33.3 per cent as compared to 2020 and 47.3 per cent as compared to 2019.
Johnson said Britain would support India’s goal of building its own fighter jets, to reduce expensive imports of military equipment. India now has a mix of Russian, British and French fighter jets.
Investors were looking ahead to Friday’s meeting of China’s legislature for details of possible new steps by Beijing to stimulate its virus-battered economy. London and Frankfurt opened lower. Tokyo, Shanghai and Australia declined after spending the day swinging between gains and losses.
Export-Import Bank of India (Exim Bank) has projected India’s total merchandise exports for the first quarter of FY22 to reach $87.2 billion. It would be around 70 per cent higher than $51.3 billion during the same quarter last fiscal, Exim Bank said.