💨 Abstract

The Asia-Pacific Economic Cooperation (APEC) warned that the 21-member bloc will see a sharp decline in exports this year, projecting a mere 0.4% growth, down from 5.7% in 2024, due to U.S. tariffs. This slowdown is part of a broader economic contraction, with regional growth forecasted at 2.6%, down from 3.3%.

Courtesy: theprint.in