World trade in goods recorded a historic drop in the second quarter of 2020, caused by the COVID-19 pandemic, according to the latest Barometer of trade in goods, conducted by the World Trade Organization. Additional indicators show small increases in world trade, but the strength of such a recovery remains very high.
The WTO Secretariat has issued a new briefing warning of possible increases in trade costs caused by COVID-19 disruptions. This is an important factor to follow because trade developments reflect the condition of the global economy and the premise of an economic crisis. More information here.
The document presents the World Bank's strategy developed in response to the crisis generated by the COVID-19 pandemic, structured in 3 key stages: support, restructuring and resilient recovery, addressed to the 4 main pillars of support: saving lives, protecting vulnerable groups, ensuring growth sustainable development of the business environment and job creation and policy strengthening and
The European Commission, on behalf of the EU, has drawn up Memoranda of Understanding on the eight-partner macro-financial assistance program. The agreements are part of a € 3 billion macro-financial assistance package approved to help enlargement and neighborhood partners reduce the economic effects of the COVID-19 pandemic. More information available
CPA Australia has published a document that identifies 4 directions for action for a sustainable recovery that involve both the private and public sectors, including the European institutions. The document can be accessed here.
Accountancy Europe has published a document that identifies 4 directions for action for a sustainable recovery that involve both the private and public sectors, including the European institutions. The document can be accessed here.
Members of IFAC's Small and Medium Practices Advisory Group and prominent accountants in the accounting profession share perspectives, experiences, and observations on the management of small businesses in a changing environment. View online seminar records on the IFAC website.
An analysis of external deficits and external trade surpluses globally in the context of the IMF COVID-19 pandemic to compare the current financial crisis with that of 2010 and to identify lines of action for an effective economic recovery appropriate to the circumstances each state, depending on the imbalances
