The world economy is in dire shape, and steps need to be taken urgently to address the situation, global business leaders say.
The Asia Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC), in its annual report to APEC economic leaders, has given a frank assessment of the global state of play. There is no talk of an upturn, no discussion about the light at the end of the tunnel. ABAC's members, made up of the region's leading business minds, are deeply concerned ...