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APEC Regional Trends Analysis, February 2023 Update

Cover_223_PSU_ARTA_February 2023 Update
Published Date February 2023
Type of Publication Reports
Publication Under APEC Secretariat, APEC Policy Support Unit
Accessed 1514
Pages 14
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Description

APEC Regional Trends Analysis is a serial publication of the Policy Support Unit which provides an overview of the region’s economy through an analysis of recent macroeconomic, trade, and investment trends. It tracks recent trade and investment measures implemented around the region and discusses risks and opportunities to the region’s economic outlook.

The February 2023 Update shows that the APEC region is projected to significantly weaken in 2022 following strong growth in 2021 as downside risks dominate. A pick-up in economic growth is expected in 2023, but stubborn inflation, higher interest rates, and debt combined with sluggish trade and investments impact the economic outlook. The highly uncertain and challenging environment requires clear, coordinated, and consistent policies.