Trade in commercial services sliding downhill

While service trade exhibited more resilience to negative shocks during the great financial crisis, together with less volatility historically, the uninterrupted weak performance of merchandise trade over the past five years and the struggle of the major developed and emerging economies to return to a higher growth path appear to have contributed to a decline both in the global and the Asia-Pacific region’s services trade in 2015.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions