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APEC Regional Trends Analysis, May 2024

COVER_224_PSU_ARTA May 2024
Published Date May 2024
Type of Publication Reports
Publication Under APEC Secretariat, APEC Policy Support Unit
Accessed 489
Pages 17
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Description

APEC GDP growth in 2023 outpaced both the global growth and the region's year-ago growth. In the near-term, APEC is expected to continue to grow but at a moderated pace, reflecting uncertainties stemming from trade protectionism, persistent inflationary pressures, and geopolitical tensions. In the face of global uncertainties and volatile commodity markets, prioritizing enhanced multilateral cooperation stands as an imperative. Fostering collective action to keep trade open, ensure global stability, and address complex and multiple challenges will fortify APEC economies against prevailing headwinds that threaten to diminish the gains made post-pandemic.

For more insights, please read the article: APEC Region Remains on Recovery Path Despite Multiple Challenges.