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ABOUT THE PACIFIC ECONOMIC COOPERATION COUNCIL

The Pacific Economic Cooperation Council (PECC) is a non-profit, policy-oriented, regional organization dedicated to the promotion of a stable and prosperous Asia-Pacific. Founded in 1980, PECC brings together thought-leaders from business, civil society, academic institutions, and government in a non-official capacity. Together, PECC members anticipate problems and challenges facing the region, and through objective and rigorous analysis, formulate practical solutions. The Council serves as an independent forum to discuss cooperation and policy coordination to promote economic growth and development in the Asia-Pacific. PECC is one of the three official observers of the APEC process.

www.pecc.org

The State of the Region report is a product of a taskforce established by the governing body of PECC. While efforts are made to ensure that the views of the PECC members are taken into account, the opinions and the facts contained in this report are the sole responsibility of the authors and editorial committee and do not necessarily reflect those of the member committees of PECC, nor their individual members.

Copyright © 2023 by the PECC International Secretariat

EDITORIAL COMMITTEE

Eduardo PEDROSA
Secretary General, PECC International Secretariat / Coordinator of State of the Region

Christopher LANGMAN
AUSPECC/ Chair

Sharon Zhengyang SUN
CANCPEC

ZHAO Yali
CNCPEC/ Vice Chair

Yose Rizal DAMURI
INCPEC/ Co-Chair

Kenichiro SASAE
JANCPEC/ Chair

Chul CHUNG
KOPEC/ Vice Chair

Gerard TRASLOSHEROS
MXCPEC/Chair

Alan BOLLARD
NZPECC/Chair

TAN Khee Giap
SINCPEC/Chair
Chien-Yi CHANG
CTPECC/Chair

Charles E. MORRISON
USPECC

VO Tri Thanh
VNCPEC/Chair

 

Contents

Asia-Pacific Economic Outlook.

Section 1: Towards a Sustainable Recovery.

Slower Regional Growth.

Section 2: Inflation: Higher for Longer.

Section 3: Rising Concerns Over Climate Change.

Section 4: Rising Protectionism and Geo-Economic Fragmentation.

Section 5: Towards an Inclusive Recovery.

Section 6:  Towards More Inclusive Trade.