Jakarta, May 28 -- New data has pointed to a further slowdown in economic and trade growth due to prolonged tensions, lower commodity prices, and the COVID-19 pandemic in the APEC region, according to the APEC Policy Support Unit.
"Persistent uncertainty is testing our resilience; trade and technology tensions and post-Brexit concerns all contributed to the lackluster economic activity in 2019. The severity and uncertainty as to the duration of the COVID-19 pandemic has further aggravated the ongoing challenges," said Denis Hew, director of the APEC Policy Support Unit, in a written statement received here on Thursday.
According to the latest APEC Regional Trends Analysis, the Asia-Pacific recorded weaker economic growth at 3.6 percent in...