{"id":29951,"date":"2020-04-29T07:20:00","date_gmt":"2020-04-29T07:20:00","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=29951"},"modified":"2020-10-09T07:21:57","modified_gmt":"2020-10-09T07:21:57","slug":"apec-economy-to-be-reduced-by-2-7-per-cent-in-2020","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/apec-economy-to-be-reduced-by-2-7-per-cent-in-2020\/","title":{"rendered":"APEC economy to be reduced by 2.7 per cent in 2020"},"content":{"rendered":"\n<p>A report by the Asia-Pacific Economic Cooperation (APEC) Secretariat stated that the Asia-Pacific Economic Cooperation (APEC) region has been expected to post an economic decline by 2.7 percent in 2020 because of the Coronavirus pandemic.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/current-affairs-quiz-2019-daily-gk\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Daily Current Affairs Quiz 2020<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key-Points<\/h2>\n\n\n\n<p>The report recorded a 3.6% economic growth in the APEC region.<\/p>\n\n\n\n<p>The unemployment rate in the region has been projected to rise to 5.4% in 2020 from 3.8% in 2019, which means an additional 23.5 million workers being unemployed in 2020.<\/p>\n\n\n\n<p>An economic rebound is a forecast for the year 2021, with the anticipated growth of 6.3%, higher than the projected global economic growth of 5.8%.<\/p>\n\n\n\n<p>It states that the rebound depends on the effectiveness of containment mechanisms to avoid a second wave of the COVID-19 pandemic and measures to stimulate the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A report by the Asia-Pacific Economic Cooperation (APEC) Secretariat stated that the Asia-Pacific Economic Cooperation (APEC) region has been expected to post an economic decline by 2.7 percent in 2020 because of the Coronavirus pandemic. Daily Current Affairs Quiz 2020 Key-Points The report recorded a 3.6% economic growth in the APEC region. The unemployment rate [&hellip;]<\/p>\n","protected":false},"author":404,"featured_media":29952,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1012],"tags":[82],"class_list":["post-29951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-april-2020","tag-economy-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/29951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=29951"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/29951\/revisions"}],"predecessor-version":[{"id":29953,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/29951\/revisions\/29953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/29952"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=29951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=29951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=29951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}