Services to form 25% of global trade by 2030: HSBC
MUMBAI: As economic and political headwinds slow global trade in commodities and manufactured goods, opportunities linked to serviceswill be more and are expected to form 25 per cent of global trade in a sustained manner by 2030, a report by HSBC has said.
Whilst the USD value of global merchandise exports has probably contracted by about 3 per cent this year, cross-border sales of services, such as tourism, banking, construction and software development, has risen by 1 per cent in nominal terms, according to HSBC’s Global Trade Forecast.
Sourece: http://timesofindia.indiatimes.com/business
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