UNESCAP: Developing economies in Asia Pacific will experience ‘more modest’ growth in goods exports in 2025 

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Developing economies in the Asia-Pacific region will experience a "more modest” growth than developed economies in terms of real merchandise exports in 2025,  according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP).

The regional commission of UN said this after it noted that Asia and the Pacific outperformed global trade averages in 2024.

In 2025, commercial services exports and imports are projected to grow by 8 percent and 10.9 percent, driven by expansions in the travel sector and digitally deliverable services.

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Author / Journalist: Andrea E. San Juan

Category: BusinessStartups

Markets: PhilippinesAustraliaBruneiCambodiaCook IslandsFijiFrench PolynesiaGuamGuineaIndonesiaKiribatiMalaysiaMarshall IslandsMyanmarNauruNew CaledoniaNew ZealandNiueNorthern Mariana IslandsPalauPapua New GuineaSamoaSingaporeSolomon IslandsThailandTongaTuvaluVanuatuVietnam

Topics: Growth Imports Exports Regional Pacific Trade Percent Economies Terms Services Asia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 13:32:03 (3 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 611 words

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News ID: 24916194

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