offering information technology (IT) training, the apec Digital Opportunity Center (adoc) is focused on transforming digital divides into digital opportunities. Fiscal policy recommendations vary across countries, depending on their cyclical positions and fiscal space, while subdued inflation pressures allow for continued accommodative monetary policies in much of the region. During that same time period, the apec regions total trade increased over seven timesoutpacing the rest of the world with two-thirds of this trade occurring between member economies. Global growth is projected to accelerate.6 percent in 2017 and further.7 in 2018,.1 percentage point in both years from the April WEO, with improved prospects for both advanced and emerging economies (Figure 1). Regional Economic Outlook: Asia and Pacific, on the back of strong domestic demand. By 2014, apec's initiative resulted in codes of ethics being adopted and implemented by around 60 biopharmaceutical and medical device industry associations and their member companies from 19 economies across the Asia-Pacific, representing more than 14,000 firms. Inflation has been weaker than projected, partly on account of lower commodity prices, and projections have been revised downward in most countries. The region experienced a brief period of net capital conditioning Lab outflows following the US election in late 2016, but inflows resumed in early 2017 reflecting the regions strong fundamentals, including favorable growth differentials (Figure 9). With the notable exceptions of India and Australia, most countries in the Asia and Pacific region have seen growth outturns in the first half of 2017 that were better than anticipated in the April 2017. Apec projects also support the development of smart electricity grids that enable sources of clean power to be seamlessly connected to existing structures and distributed to rural communities.
Reduce trade transacti on costs in the Asia-Pacific region. Growth in developing East Asia and Pacific (EAP) is expected to remain strong and reach.3 percent in 2018, according to the latest World Bank regional. Growth in developing East Asia and Pacific strengthened slightly in 2017.4 percent from.3 percent in 2016. The region accounted for.
Slowing Coastal Development, Japanese Foreign Policy and Economic Aggressions,
To improve SME disaster resilience, apec has trained more than 250 regional experts to assist SMEs with business continuity planning in order to minimize disruptions due to a disaster. Asian stock markets have strengthened during 2017 (Figure 3 while sovereign bond yields have generally declined, except in China (Figure 4 and credit growth in the region has moderated but remains robust (Figure 5). In 2005, the apec SME Innovation Center was established in Korea to help improve the competitiveness of SMEs in the region through hands-on business consulting. Near-term risks to the regional outlook are broadly balanced, but medium-term risks are skewed to the downside. Before you leave, wed love to get your feedback on your experience while you were here. Between 20, member economies improved the ease of doing business in the Asia-Pacific.3 per cent across all areas of the initiative, including starting a business, getting credit or applying for permits. In 2014, the Start-up Accelerator sponsored six Asia-Pacific start-ups to compete in the Intel Global Challenge and Siemens New Venture Forum in Silicon Valley, USA-successfully capturing both awards and venture capital interest. Commodity prices have fallen by about 10 percent this yearabout 14 percent for fuels and 5 percent for other commodities (Figure 6)driven by a mix of supply and demand factors including stronger-than-expected US shale production and lower metals demand from China. Apec Business Travel Card: By making it simpler for business people to travel, apec is enabling them to conduct their business, trade and investment more easily.