State of the Region 2023
On behalf of the members of the Pacific Economic Cooperation Council, it is our great pleasure to present our 17th annual State of the Region report. The objective of this report is to provide an assessment of the key issues affecting the region and the challenges to creating stronger and deeper ties across the region. To do so we are indebted to the over 700 respondents to our annual survey who took the time to share with us their views. We stress that this is not a survey of public opinion, but of the regional policy community – stakeholders from business; government; academia; media and civil society.
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State of the Region Report 2023
CONTENT
MESSAGE FROM THE CO-CHAIRS OF PECC
Chapter 1 : Asia-Pacific Outlook
The Regional Economic Outlook
Risks to Growth
Rising Cost of Living
Climate Change as a Risk to Growth
Geo-Economic Fragmentation as Risk to Growth
Slowing Trade and Increased Protectionism
Where do Perceptions of Risk Diverge the Most?
Perceptions of the Inclusiveness of the Economic Recovery
An Inclusive Growth Agenda
Views on Trade
Making Trade Policy Work for Inclusion
Ways of Consulting with Stakeholders
Priorities for APEC Leaders
Geopolitical and Trade Tensions Remain Elevated
Strengthening Supply Chain Resilience
Structural reforms and Good regulatory Practices
Updating the region’s ambitions on climate and clean energy
Support for the multilateral trading system and the WTO
Diverging or Converging Views on Priorities?
Stakeholder Engagement Critical for More Inclusive Growth