Services trade growth slows in first quarter of 2025
you are currently viewing::Services trade growth slows in first quarter of 2025July 31, 2025--Global services trade growth slowed in the first quarter of 2025 to 5% year-on-year, roughly half the pace recorded in both 2024 and 2023. The appreciation of the US dollar against the euro and other currencies, coupled with increased economic uncertainty, contributed to the slowdown in services trade in the early months of the year. Services exports in Europe and North America increased by only 3% year-on-year in the first quarter of 2025, down from 8% and 11% respectively in the first quarter of 2024. In contrast, strong growth was sustained in Asia at 9%. The overall slowdown in services trade was mainly due to "Other commercial services," a category that encompasses a wide variety of mostly digitally deliverable services ranging from financial to professional services. In 2024, "Other commercial services" accounted for some 60% of global services trade, with Europe contributing 40% of those exports. Source: World Trade Organization (WTO) |
December 23, 2025-ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reported today that assets invested in the actively managed ETFs listed globally reached a new record of US$1.86 trillion at the end of November.
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The global economy is proving more resilient than anticipated despite persistent trade tensions and policy uncertainty, according to the World Bank's latest Global Economic Prospects report.