2023 APEC GDP grew 3.5%, driven by household spending and consumer confidence, but faces moderation in 2025-26 due to geopolitical uncertainties.
APEC's GDP grew 3.5% in 2023, up from 2.6% in 2022, driven by robust household spending and high consumer confidence. However, the report predicts a moderation in economic growth in 2025 and 2026 due to geopolitical uncertainties, trade protectionism, and commodity price fluctuations. The report suggests stronger multilateral cooperation among APEC member economies to navigate complexities and ensure sustainable and inclusive growth.
May 15, 2024
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