Ungated Post | 13 Aug 2020
The global services trade revolution
Global trade in services to increase by $2 trillion over the next five years, according to new report by Western Union and Oxford Economics.
Forecasts by Western Union and Oxford Economics project the value of international, cross-border trade in services rising from $6.1trn in 2019 to $8.0trn by 2025, a 31% increase in value.
Key report findings include:
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Amongst developed economies, USA, France, and UK set to see largest increase in value of cross-border trade in services by 2025.
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Adoption of new technology and digitisation of working practices likely to further fuel post-pandemic economic recovery and growth of cross-border trade in services.
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Trade policy liberalisation could see an additional $890 billion increase in the value of services traded globally.
Our economic consulting and thought leadership teams are world leaders in quantitative economic analysis and original, evidence-based research, working with clients around the globe and across sectors to build models, forecast markets, run extensive surveys, and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
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Paul Donnelly
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