US IT research and advisory Everest Group said the global services revenue (excluding the domestic market) is expected to touch $221-$226 billion in 2020, growing at 4%-6%, the slowest in the last five years exacerbated by slowdown due to the coronavirus outbreak and the likelihood of many economies slipping into recession. The growth was 5-7% in 2019, and 6-8% in 2018.
