Though China saw its exports recover in April, driven by the surging shipment of electromechanical, textile and plastic products, trade experts urged the country’s export-oriented companies to analyze global market demand as early as possible during the post-pandemic period to stay competitive.
In a new European Economic Forecast, the European Commission expects a deeper recession and a slower recovery for the economy of the Union. However, the blow caused by the pandemic differs from country to country with some states and industries expected to recover faster due to internal factors.