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APEC leaders mull regional growth amid bumpy global recovery

By Han Liang, Liu Kai (Xinhua)

08:48, September 07, 2012

VLADIVOSTOK, Sept. 6 (Xinhua) -- Leaders of the Asia-Pacific Economic Cooperation (APEC) economies will meet in Russia's Far Eastern city of Vladivostok at the weekend to share their visions of the region's future prosperity.

As a series of crises tripped up the United States and Europe, causing a tottering recovery of the world economy and a slowdown of emerging markets, the Vladivostok summit is expected to develop a blueprint for sustainable economic growth in the region, local experts said.


Four years after the the world financial meltdown, global recovery was still hobbling along. Major economies, emerging markets and developed countries alike, experienced "growing pains" by different standards at varying degrees.

Therefore, recovery and revival, growth and prosperity would remain long-term missions for the APEC economies, experts said.

The United States, the largest economy in the world, is dragged down by surging unemployment, a flagging housing market, and other structural defects.

Though the government hinted at quantitative easing steps and more stimulus measures, prospects for economic growth likely would remain gloomy as long as the chronic sickness remains uncured, experts said.

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