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Asia-Pacific economies to grow 6.0 percent this year

Aisa-Pacific-economy

Asia-Pacific economies to grow 6.0 percent this year

Wellington, Nov 8 (Prensa Latina) The economies of the Asia-Pacific Economic Cooperation (APEC) members will grow 6.0 percent in 2021, according to a report published today in this capital, venue of the bloc's leaders' summit.
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The analysis of regional trends indicated that in the first half of this year, the bloc’s Gross Domestic Product (GDP) grew 8.0 percent, compared to a contraction of 3.7 percent in the same period of the previous year.

Nevertheless, the growth of the member countries and territories continues to diverge and the uncertainties posed by the Covid-19 pandemic have not faded away, to which economic decisions could be added.

These included a foreseeable reversal of the fiscal and monetary support measures implemented by the partners to revive their economies.

In virtual format, as it happened last year, the APEC Summit will take place next Friday and Saturday with the participation of the leaders of all APEC members.

These are Australia, Brunei, Canada, Chile, China, South Korea, United States, Philippines, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Russia, Singapore, Thailand, Vietnam and the Chinese territories of Taiwan and Hong Kong.

Together, the partners account for 59 percent of global Gross Domestic Product and 48 percent of world trade.

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