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:
-
Amongst developed economies, USA, France, and UK set to see largest increase in value of cross-border trade in services by 2025.
-
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.
-
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:
EMEA
Paul Donnelly
020 3910 8000
Email
Americas
Diantha Redd
+1 (646) 503 3052
Email
Asia
Rhianne Clark
+65 6850 0112
Email
Related Services
Post
Chevron’s impact in West Contra Costa County
Consulting Report The global services trade revolution You might be interested in
Find Out More
Post
The New Rules of Data Management
Consulting Report The global services trade revolution Creating value in the AI Era You might be interested in
Find Out More
Post
Overcoming the middle-income trap and achieving sustainable development
The middle-income trap is an economic development situation in which a country’s income and economic output growth stagnate once the country is classified as a middle-income nation. This research paper explores how African nations can escape the so-called middle income trap.
Find Out More