APEC slashes growth forecasts on inflation, Ukraine risks
Intergovernmental forum forecasts 2.5 percent growth in 2022, down from 3.2 percent in May.
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Intergovernmental forum forecasts 2.5 percent growth in 2022, down from 3.2 percent in May.
Economic growth in the APEC region is expected to slow down this year amid soaring inflation, a protracted war in Ukraine, and heightened uncertainties, ...
APEC Illustration for inflation. People buy food amid inflation and rising food prices in Thailand. (ANTARA/HO-APEC Secretariat) JAKARTA - Economic growth in the Asia-Pacific Economic Cooperation (APEC) region is expected to slow down this year amid soaring inflation, a protracted war in Ukraine, and heightened uncertainties, according to a new report by the APEC Policy Support Unit. On top of that, the continuing impact of the pandemic and virus mutations are draining resources in the region, the report said, as noted in a release issued by the APEC Secretariat and received here on Friday. Th...
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