Economic recovery in 2021 possible, but requires greater regional cooperation: PECC

WHILE there is hope for a recovery in 2021, the risk of protectionism holds back investment in new jobs and innovation. It is thus essential for the region to respond appropriately and decisively in order to restore confidence for sustainable recovery.

This message was delivered by the Pacific Economic Cooperation Council (PECC) secretary general Eduardo Pedrosa with the council's 15th annual State of the Region 2020-2021 report, which was released ahead of an Economic Leaders' Meeting to be hosted by the Asia-Pacific Economic Cooperation (APEC) this week.

Ambassador Don Campbell, co-chair, PECC, said: "Apec leaders meeting this week need to send a strong signal to businesses and consumers of a commitment to growth and stability. They have an opportunity to do so through Apec's post-2020 vision".