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The European Central Bank (ECB) just announced today that the Euro area GDP is likely to shrink between 8%-12% in 2020. While this is a staggering contraction for one of the largest economic regions in the world, the implications are even more dramatic for global trade dynamics.
The coronavirus pandemic continues to pose challenges which many would not have imagined only a few months ago. Due to the quick nature of the outbreak, economies had…
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