WTO: Global services trade mounts steady recovery, with caveats
Global services trade continues to recover at a slightly above-average pace but has not yet reached pre-pandemic levels – and the resurgence of the Delta variant of the coronavirus worldwide threatens that upward trajectory, the World Trade Organization said on Thursday. The WTO Services Trade Barometer , a measure of services trade based on several criteria, reads 102.5 – higher than the baseline reading of 100, which represents the average trajectory of the trends. This reading suggests “that the volume...