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Apec sees heightened downside risks to global economy

Thursday, October 23, 2014 - 05:50

The statement came after China, the world's second-largest economy, said on Tuesday that gross domestic product (GDP) expanded 7.3 per cent in the third quarter, its slowest pace since the depths of the 2008-2009 global financial crisis - PHOTO: BLOOMBERG


THE global economy is beset by increasing "downside risks", Asia-Pacific finance chiefs said on Wednesday, a day after growth in China hit a five-year low.

The meeting in Beijing of finance ministers from the Asia-Pacific Economic Cooperation (Apec) forum preceded the group

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