Growth in Asia-Pacific economies softened to 3.1 percent in the second quarter of this year from 3.2 percent in the first and 3.4 percent a year earlier in line with the slowdown in global trade, the latest Asia-Pacific Economic Cooperation (APEC) Economic Trends Analysis showed.
“Economies across the Asia-Pacific continue to grow but find themselves in a holding pattern of lower growth in the absence of high trade volumes,” said Alan Bollard, Executive Director of the APEC Secretariat.
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