ESCAP

‘Historic’ accord at UN forum moves Asia-Pacific countries towards regional economic community

Thirty-six Asia-Pacific nations unanimously adopted a landmark declaration at a United Nations forum of ministers in Thailand, outlining the road map towards a regional economic community.

Asia-Pacific developing economies face low growth again in 2014, UN forecasts

Developing Asia-Pacific countries will face another year of subpar growth in 2014 due to slow recovery, policy uncertainty and protectionism in developed countries, marking the first time in two decades that their economies have grown at less than 6 per cent annually over a three-year period, according to a United Nations forecast released today.