Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by the lingering effects of high energy prices and inflation, WTO economists said in a new forecast on 10 April.
Notably, digitally delivered services have shown significant resilience and growth, totaling US$ 4.25 trillion in 2023, a 9% increase from the previous year and representing 13.8% of global exports. These services have now surpassed pre-pandemic levels by more than 50%.
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