Eastern Asia – some companies separate their Eastern Asian business from the rest of Asia, and refer to the Oriental region separately from the Western/Central Asia region
The World Bank's April 2024 update indicates that the growth rate for the Asia-Pacific region, excluding China, is expected to slightly increase to 4.6% in 2024, up from 4.4% in 2023. This underscores a diverse economic resilience against global pressures. Meanwhile, global trade growth, which was minimal at 0.2% in 2023, is projected to improve to 2.3% in 2024, crucial for the region's export-oriented economies. However, private investment remains below pre-pandemic levels due to higher debt levels and rising interest rates, signaling a cautious investment climate. The region faces significant challenges from both external factors, such as high core inflation and modest global trade recovery, and domestic issues like increased debt and political uncertainties, potentially hindering economic growth. Additionally, a hypothetical 1% decline in GDP growth in the US or China could reduce GDP growth in other developing Asia-Pacific economies by approximately 0.5% and 0.3%, respectively. The increase in trade-distorting measures, which have tripled since 2019 among G-20 countries, reflects a trend towards protective industrial policies, although other East Asia-Pacific countries, except for China and Indonesia, have been less involved in these measures.[4][5]
^"Digital creativity and innovation lacking in kids in APAC: report". May 10, 2019. from the original on May 4, 2021. Retrieved May 4, 2021.
^Pan, Hui, ed. (October 2004). "Vonage and Cisco to sell phone equipment". VoIP Monthly Newsletter. 2 (10). Information Gatekeepers Inc: 3. Retrieved 2011-12-15. APEJ (Asia-Pacific Excluding Japan) and EEMEA (Eastern Europe, Middle East, and Africa) will grow their combined share of this figure from 17 percent to 22 percent during the same period, as North America's share adjusts from 53 percent to 46 percent.
^"List of countries in the Asia-Pacific region and subregions". www.unescap.org. from the original on 2023-04-02. Retrieved 2023-09-29.
^"Firm Foundations of Growth: East Asia and Pacific Economic Update, April 2024". World Bank. Retrieved 2024-04-11.
^World Bank. (2024). Firm Foundations of Growth: East Asia and the Pacific Economic Update April 2024. Retrieved April 11, 2024, from https://doi.org/10.1596/978-1-4648-2102-8
asia, pacific, confused, with, aipac, apec, indo, pacific, pacific, asia, apac, region, world, adjoining, western, pacific, ocean, region, precise, boundaries, vary, depending, context, countries, territories, australasia, east, asia, southeast, asia, often, i. Not to be confused with AIPAC APEC Indo Pacific or Pacific Asia The Asia Pacific APAC 1 is the region of the world adjoining the western Pacific Ocean The region s precise boundaries vary depending on context but countries and territories in Australasia East Asia and Southeast Asia are often included In a wider context Central Asia North Asia the Pacific Islands South Asia West Asia excluding the Arabian Peninsula and the Levant and even Pacific adjoining countries in the Americas can be included For example the Asia Pacific Economic Cooperation APEC includes five countries Canada Chile Mexico Peru and the United States in the New World The term has become popular since the late 1980s in commerce finance and politics Despite the heterogeneity of the regions economies most individual nations within the zone are emerging markets experiencing rapid growth Sometimes the notion of Asia Pacific excluding Japan APEJ is considered useful 2 Member nations of the Asia Pacific Economic Cooperation APEC Contents 1 Related regions 2 List of countries and territories by subregion 3 Economic Overview 4 See also 5 References 6 External linksRelated regions editCentral and Eastern Asia CEA Eastern Asia some companies separate their Eastern Asian business from the rest of Asia and refer to the Oriental region separately from the Western Central Asia region Oceania South eastern Asia Southern Asia Western AsiaList of countries and territories by subregion edit nbsp Asia and the Pacific region according to the United Nations Economic and Social Commission for Asia and the Pacific ESCAP In accordance with the United Nations Economic and Social Commission for Asia and the Pacific ESCAP the Asia Pacific region includes a total of 51 countries and seven territories grouped into five subregions 3 East and North East Asia ENEA nbsp People s Republic of China nbsp Hong Kong China nbsp Macao China nbsp Democratic People s Republic of Korea North Korea nbsp Japan nbsp Mongolia nbsp Republic of Korea South Korea nbsp Republic of China Taiwan North and Central Asia NCA nbsp Armenia nbsp Azerbaijan nbsp Georgia nbsp Kazakhstan nbsp Kyrgyzstan nbsp Russian Federation nbsp Tajikistan nbsp Turkmenistan nbsp Uzbekistan South and South West Asia SSWA nbsp Afghanistan nbsp Bangladesh nbsp Bhutan nbsp India nbsp Iran Islamic Republic of nbsp Maldives nbsp Nepal nbsp Pakistan nbsp Sri Lanka nbsp Turkey Turkiye South East Asia SEA ASEAN nbsp Brunei Darussalam nbsp Cambodia nbsp Indonesia nbsp Lao People s Democratic Republic Laos nbsp Malaysia nbsp Myanmar Burma nbsp Philippines nbsp Singapore nbsp Thailand nbsp Timor Leste East Timor nbsp Viet Nam Vietnam The Pacific PACIFIC nbsp American Samoa United States nbsp Australia nbsp Cook Islands nbsp Fiji nbsp French Polynesia France nbsp Guam United States nbsp Kiribati nbsp Marshall Islands nbsp Micronesia Federated States of nbsp Nauru nbsp New Caledonia France nbsp New Zealand nbsp Niue nbsp Northern Mariana Islands United States nbsp Palau nbsp Papua New Guinea nbsp Samoa nbsp Solomon Islands nbsp Tonga nbsp Tuvalu nbsp Vanuatu In a wider context the following countries and territories can also be included in the Asia Pacific region Asia nbsp Bahrain nbsp British Indian Ocean Territory United Kingdom nbsp Cyprus nbsp Iraq nbsp Israel nbsp Jordan nbsp Kuwait nbsp Lebanon nbsp Oman nbsp Qatar nbsp Saudi Arabia nbsp Syria nbsp United Arab Emirates nbsp Yemen North America nbsp Canada nbsp Costa Rica nbsp El Salvador nbsp Guatemala nbsp Honduras nbsp Mexico nbsp Nicaragua nbsp Panama nbsp United States Oceania nbsp Baker Island United States nbsp Clipperton Island France nbsp Coral Sea Islands Australia nbsp Howland Island United States nbsp Jarvis Island United States nbsp Johnston Atoll United States nbsp Kingman Reef United States nbsp Midway Atoll United States nbsp Norfolk Island Australia nbsp Palmyra Atoll United States nbsp Pitcairn Islands United Kingdom nbsp Tokelau New Zealand nbsp Wake Island United States nbsp Wallis and Futuna France South America nbsp Chile nbsp Colombia nbsp Ecuador nbsp PeruEconomic Overview editThe World Bank s April 2024 update indicates that the growth rate for the Asia Pacific region excluding China is expected to slightly increase to 4 6 in 2024 up from 4 4 in 2023 This underscores a diverse economic resilience against global pressures Meanwhile global trade growth which was minimal at 0 2 in 2023 is projected to improve to 2 3 in 2024 crucial for the region s export oriented economies However private investment remains below pre pandemic levels due to higher debt levels and rising interest rates signaling a cautious investment climate The region faces significant challenges from both external factors such as high core inflation and modest global trade recovery and domestic issues like increased debt and political uncertainties potentially hindering economic growth Additionally a hypothetical 1 decline in GDP growth in the US or China could reduce GDP growth in other developing Asia Pacific economies by approximately 0 5 and 0 3 respectively The increase in trade distorting measures which have tripled since 2019 among G 20 countries reflects a trend towards protective industrial policies although other East Asia Pacific countries except for China and Indonesia have been less involved in these measures 4 5 See also editAsia Pacific Economic Cooperation APEC Asia Pacific Forum Asia Pacific Foundation of Canada Asia Pacific Network Information Centre APNIC Asia Society Asian Century China Rim East Asia Summit East West dichotomy Free and Open Indo Pacific Indo Pacific List of country groupings including AMEA and AMER Oceania Pivot to Asia South Asian Association for Regional Cooperation SAARC Valeriepieris circleReferences edit Digital creativity and innovation lacking in kids in APAC report May 10 2019 Archived from the original on May 4 2021 Retrieved May 4 2021 Pan Hui ed October 2004 Vonage and Cisco to sell phone equipment VoIP Monthly Newsletter 2 10 Information Gatekeepers Inc 3 Retrieved 2011 12 15 APEJ Asia Pacific Excluding Japan and EEMEA Eastern Europe Middle East and Africa will grow their combined share of this figure from 17 percent to 22 percent during the same period as North America s share adjusts from 53 percent to 46 percent List of countries in the Asia Pacific region and subregions www unescap org Archived from the original on 2023 04 02 Retrieved 2023 09 29 Firm Foundations of Growth East Asia and Pacific Economic Update April 2024 World Bank Retrieved 2024 04 11 World Bank 2024 Firm Foundations of Growth East Asia and the Pacific Economic Update April 2024 Retrieved April 11 2024 from https doi org 10 1596 978 1 4648 2102 8External links editAPEC official website The Asia Pacific Foundation of Canada Asia Pacific Indigenous Youth Network APIYN BBC Asia Pacific Archived 2010 05 07 at the Wayback Machine Retrieved from https en wikipedia org w index php title Asia Pacific amp oldid 1218566660, wikipedia, wiki, book, books, library,
