Economic turnaround is accelerating but higher productivity, supported by more innovation-friendly conditions for businesses, is needed to put economies on a higher growth path and bridge gaps in employment and living standards.
The challenges that small and medium enterprises face in disasters can destabilize entire industries. APEC economies are working together with the business community to promote greater preparedness within the sector.
Member economies are intensifying joint efforts to address impediments to cross-border investment in the region to meet rising infrastructure demand and ensure the flow of goods and people that drive growth.
Senior Officials acknowledged the global economy is showing some signs of recovery but noted that risks and uncertainties still exist and economic revival and healthy growth face continued challenges.
Unstable economic recovery in the Asia-Pacific requires APEC members to implement structural reforms despite the strengthening of industrial production, higher growth forecasts and a commitment by the G20 to ensure that monetary policy settings will be carefully calibrated.
The PSU’s APEC Economic Trends Analysis provides an overview on emerging trends underlying the region’s economic prospects by providing in-depth analysis on recent macroeconomic and financial developments in the APEC region.
APEC Economic Trends Analysis, April 2014
APEC, Services, and Supply Chains - Taking Stock of Services-Related Activities in APEC, January 2014
SMEs in the APEC Region, December 2013