The volume of global trade in services decreased in the second quarter of 2020 by a record percentage of 30%, with the travel sector being particularly affected by COVID-19 and associated restrictions, according to an analysis by the World Trade Organization. Trade (WTO), published on October 23 this year At the same time, according to the cited analysis, decreases in trade in services were registered in all regions and most service sectors, except for IT services, which benefited from the transition to remote work the growing demand for digitization.

More information here.

Photo copyright: 123RF Stock Photo