SINGAPORE : The Asia-Pacific Economic Cooperation (APEC) on Thursday warned its 21 member nations that the region would not witness much growth in trade this year owing to the US trade tariff drama, reports Reuters.
In its latest Regional Trends Analysis report, the region is expected to see a very modest rise in trade of only 0.4 per cent this year, after rising 5.7 per cent in 2024. Meanwhile, APEC also slashed its regional economic growth projection to 2.6 per cent this year from 3.3 per cent last year . . .
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