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Global service trade barometer in March 2021 From World Trade Organization

The following is the Global service trade barometer in March 2021 From World Trade Organization recommended by And this article belongs to the classification: global economy , research report.

Recently, the latest issue of “barometer of service trade” released by the WTO shows that the global service trade climate index rose to 104.7, higher than the benchmark value of 100, the highest since 2000.

According to the data, after bottoming out in the second quarter of 2020 and rebounding slightly in the third quarter, the global trade in services finally accelerated to rebound in the fourth quarter. However, as the epidemic continues to affect the employment situation of major economies, and the spread of the new coronavirus variant may cause new obstacles, the WTO predicts that this rebound trend of Global trade in services may not continue in the first quarter of this year.

The world trade organization service trade barometer and the goods trade barometer coordinate, the global service trade prosperity index is 100, the index is greater than 100 shows that the trade growth is higher than the expected level, otherwise it shows that the trade growth is lower than this level.

The composition index of the barometer is mixed. The financial services index (119.9) was particularly strong as international financial transactions increased. Container shipping (104.3), construction (106.3) and global services PMI (105.3) were also higher than the trend. Passenger air transport (81.0) remained depressed due to travel restrictions. The ICT index (93.7) fell due to the weakness of some computer services, while telecommunications services remained stable. International passenger flights are likely to recover partially in the second and third quarters, but this is largely dependent on successful vaccination efforts. If the new variant of covid-19 spreads more widely, the long-term recovery may be affected.

Read more: WTO: 2019 Global trade report (232 pages) WTO: 2017 Global trade growth forecast raised to 3.6% consumer brand report: seeking truth K-12 report: 2017-2018 global digital learning status BCG & China Foreign Trade Trust: 2017 China Trust Industry Report (with download) WTW: 2017 global welfare status survey report (with download) demand Gen Global strategic positioning report: trillions of opportunities in national intellectual resources world economic forum: Global Competitiveness Report 2020 – Special Edition Shanghai Academy of Social Sciences & Fudan University: global wisdom city report 2020: adapting to the era of Digital Trade: challenges and opportunities (350 pages) World Economic Forum: 2021 global risk report Eurasia Group: Top 10 global risk circular pioneers in 2021: scale enterprises lead the deepening development of circular economy unprecedented year: annual report of the International Monetary Fund in 2020

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