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WTO: Services trade headed for 'sustained gains’ despite war in Ukraine

June 24, 2022 at 1:14 PM
Global services trade continues to recover at an above-average rate, the World Trade Organization said this week, pointing to likely “sustained gains” for the second quarter of 2022 despite global supply chain disruptions due to the war in Ukraine. The WTO’s Servies Trade Barometer , released on Thursday, measures global services trade based on “medium-term trends,” according to the WTO. The baseline reading of 100 means trade is growing in line with these trends; the reading released this week shows...

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