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Bloomberg
Global trade in services slowed during the first quarter of 2019, according to a new World Trade Organization (WTO) report. The report describes a “broad loss in momentum†among various services sectors like finance, technology, tourism and transportation.
The index stood at 98.4, below the baseline of 100, “suggesting that services trade continued to face strong headwinds leading into the second half of the year,†WTO said. Services have generally held up better than goods trade because the latter is more directly affected by tariff tensions, WTO said.