June 23, 2022

Barometer indicates continued services trade recovery despite Ukraine conflict

World services trade continued to grow into the second quarter of 2022, indicating resilience to the conflict in Ukraine according to the WTO’s Services Trade Barometer, released on 23 June 2022. The latest reading of 105.5 is firmly above the previous reading of 102.5 in September 2021 and comfortably over the baseline value of 100 for the index, signalling that services trade is likely to post sustained gains in the second quarter once official statistics for the period are available.

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