Jakarta, May 19 -- The Asia-Pacific Economic Cooperation (APEC) region aims to stay the course amid a challenging global environment and sustaining economic growth is a delicate balancing act, said a new report issued by the APEC Policy Support Unit was received here on Sunday.
As trade tensions undermine global trade, investment and output, growth in the APEC region is expected to moderate to 3.8 percent in 2019, down from 4.1 percent in 2018, according to the report.
In 2020, gross domestic product (GDP) growth for the region is projected to decelerate further, within the range of 3.5 to 3.7 percent, the report forecasts. However, downside risks may be mitigated if trade frictions ease.
"The upside potential for growth could come from ...