World Trade Organization: Global trade in services to grow by 10% in Q3 2024

On February 4th, the World Trade Organization released a report on February 3rd local time, stating that global service trade grew strongly by 10% year-on-year in the third quarter of 2024. Global service trade increased by 9% year-on-year in the first three quarters of 2024. The report shows that in the third quarter, Asia’s service exports grew by 16%, while Europe grew by 8%. At the same time, there has been a significant increase in imports from various regions, reflecting a strong demand for diversified services.

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