A group of 21 economies, including the U.S. And China, issued a warning on May 15 about a slowdown in growth attributed to global trade tensions. APEC forecasts growth to fall from 3.6% in 2024 to 2.6% in 2025.
Carlos Kuriyama from APEC emphasized that increased tariffs and retaliatory measures create a hostile trade environment, influencing firms to delay investments. Experts advocate for easing tensions to restore business confidence and create a stable trading framework.
Leave a Reply