Growth in the Asia-Pacific Economic Cooperation (APEC) trade bloc is projected to reach 3.4% in 2024, slowing to 2.9% in 2025-2026, according to the APEC Regional Trends Analysis, May 2024 report. This moderation reflects uncertainties from trade protectionism, inflationary pressures, and geopolitical tensions. Investors are hedging against global uncertainty, with gold prices rising 17% from January to April 2024. High debt levels remain a concern, with government debt-to-GDP ratios in the Apec region increasing to 104.5% in 2023. Public debt could reach 110% of GDP due to the pandemic aftermath and fiscal support packages. Despite challenges, there’s potential for growth from increased consumption, investment, tourism, and trade.
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