"The WTO predicts a decrease in the volume of world trade in goods by 9.2% in 2020, followed by an increase of 7.2% in 2021," the statement said.
As noted, these estimates are subject to high uncertainty, as they depend on the development of the pandemic and the government's response to it.
The WTO believes that global trade is showing signs of recovery from a deep downturn, but warns that it could be disrupted by the ongoing effects of the pandemic.
In April, the organization expected the decline in world trade this year to be 12.9% under the optimistic scenario, while growth next year was estimated at 21.3%.