APEC downgrades regional economic growth forecast for 2025

The Asia-Pacific Economic Cooperation (APEC) downgraded the regional economic growth forecast for 2025, according to a report released by the organization on Thursday.

Due to trade tensions and policy uncertainties, the organization has lowered its economic growth forecast for the region in 2025 from 3.3 percent to 2.6 percent.

It also projected that exports in the region would rise by only 0.4 percent this year, far lower than the increase of 5.7 perent of last year.

APEC downgrades regional economic growth forecast for 2025

APEC downgrades regional economic growth forecast for 2025

The U.S. share of global GDP under President Donald Trump has fallen to its lowest level since 1980, Russian news agency RIA Novosti reported on Saturday.

RIA Novosti said data from the World Bank and the International Monetary Fund show that U.S. purchasing power parity sank to 14.65 percent last year.

That's compared to an average of 14.93 percent during former President Joe Biden's four years in office.

U.S. share of global economy hits lowest point since 1980: Russian media