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In 2020, the global economy is estimated to have shrunk by 3.5 percent while international trade declined by 9.2 percent, in large part due to the COVID-19 crisis. One of the major drags on international trade was the introduction of lockdown policies to contain the spread of the virus. Governments around the world imposed several measures that restricted the mobility of people and goods, which impeded trade flows at local, regional, and international levels.
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