How RCEP to Impact Asia-Pacific Region and the World
The IMF projects a downtick in global economic growth - a mere 2.8 percent for 2023. The Asia-Pacific region, once hailed as the economic dynamo that drove the recovery post-2008, is faring no better. Its growth rate is languishing at around 4 percent for both 2023 and 2022, a significant decrease from 6.5 percent in 2021. The path to global economic recovery, it appears, is far from straightforward.
