THE Asia-Pacific (APAC) economy is performing better globally but still underachieving, Moody's Analytics said, with many countries in the region growing below their potential.
THE Asia-Pacific economy is performing better globally but still underachieving, Moody's Analytics said, with many countries in the region growing below their potential.Moody's Analytics' June baseline forecast projects a 3.9-percent growth for the APAC economy in 2024 and 2025.The estimate remains unchanged from the May forecast but is higher than the anticipated global economic growth rates of 2.6 percent and 2.7 percent for this year and 2025, respectively.
2 percent, is still below the 6.5- to 8-percent target of the government.Moody's Analytics said that inflation was a key factor in its forecast for the next 12 months, noting that while consumer price inflation is slowing in the region, progress is uneven.Inflation in both developed and developing Asia-Pacific economies were said to have eased.
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