Number of the Day

Global Trade Plummets, by the Numbers

The pandemic has made trade barriers go up even faster

Photo illustration, source: John Lund/Stone/Getty Images

12.5%: That’s how much global trade fell in the second quarter of 2020, compared to the first quarter, the largest drop since records began in 2000, according to the CPB Netherlands Bureau for Economic Policy Analysis. The pandemic-induced crash in…