World Trade Organization figures showed global services trade growth slowed at the end of 2019 and into 2020, as countries faced the coronavirus outbreak.
WASHINGTON (AN) — World Trade Organization figures on Wednesday showed global services trade growth was slowing at the end of 2019 and into 2020, as countries began taking steps to try to slow the spread of the global coronavirus outbreak.
The latest reading of 96.8 on WTO's services trade barometer is a further decline from 98.4 recorded last September and below the baseline value of 100, suggesting that a recovery is not yet in sight, WTO said in a statement.
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