2007 Press Releases - Pacific Economic Cooperation Council

Asia-Pacific Region to Avoid Recession, but Other Challenges Loom

13 December 2007 (Singapore) The Asia Pacific region will experience slower economic growth in 2008, but is likely to avoid a sharp downturn due to the sub-prime mortgage crisis in the United States, according to the Pacific Economic Cooperation Council’s annual State of the Region Report.

Survey Points to Trade, Energy, and the Environment as Top Priorities for APEC

5 September 2007 (Sydney, Australia) Opinion-leaders in the Asia Pacific expressed deep concerns about the lack of progress being made in WTO Doha Development Agenda negotiations and hoped that APEC leaders would make progress on this issue at their upcoming meeting in Sydney.

PECC Statement to APEC Ministers Responsible for Trade

6 July 2007 (Canberra, Australia)

Decline in Oil Prices Lead to Greater Tensions over Trans-Pacific Imbalances

18 April 2007 (Singapore) Economic growth in the Asia Pacific is set to slow in 2007 to a still healthy 4.3% across the region, compared to 5.0% in 2006 before a moderate rise in 2008 to 4.5%. East Asia will lead the way with growth at 5.7%, pulling up the rest of region, which is forecast to grow by only 2.6% this year.