APEC Regional Trends Analysis, August 2024
| Published Date | August 2024 |
|---|---|
| Type of Publication | Reports |
| Publication Under | APEC Secretariat, APEC Policy Support Unit |
| Accessed | 943 |
| Pages | 16 |
| Download publication | Download |
Description
APEC’s GDP growth is expected to remain steady at 3.5 percent in 2024, mirroring last year’s pace. Economic prospects are improving as inflation decelerates, driven by appropriate monetary policy action and moderated food and energy prices. Positive economic signals are emerging, bolstered by a recovery in domestic consumption and stronger export performance. To maintain momentum, economies should avoid premature monetary easing, adjust rates gradually as needed, rebuild fiscal buffers, and achieve consolidation targets when feasible. Additionally, economic policies should facilitate rather than restrict trade and investment to achieve economic objectives.
For more insights, please read the article: Steady Growth in spite of an Uncertain Economic Atmosphere.