
World services trade activity likely to remain soft in Q1 2023
The slowdown in major economies may impact services trade activity, as per the latest WTO Services Trade Barometer.
The slowdown in major economies may impact services trade activity, as per the latest WTO Services Trade Barometer.
The monthly index improved to 13% in Nov from 7.4% in October. The composite tool that gauges economic activity each month posted an average YoY expansion of 10.2% in Oct-Nov 2022.
The recent surge in Covid-19 infections, the central bank says, adds uncertainty to the outlook on domestic growth as restrictions could dampen demand improvement and delay the return of normalcy.