The Asia-Pacific economic momentum was unexpected strong in 2023 amid downward pressure of inflation and continued recovery of international tourism. The positive trend continued in the first half of 2024，but with the gradual emergence of suppressive effects of tight monetary policy and the uncertainty of the Federal Reserve’s monetary policy，the Asia-Pacific region’s economy decelerated in the second half 2024，with the growth rate expected to be slightly lower than that of 2023. The weighted average economic growth rate of the 17 countries in Asia-Pacific region in 2024 is expected to be 4.5%，a decrease of 0.4 percentage points from 2023，but still 1.3 percentage points higher than global economic. At the same time，the inflation in the Asia-Pacific region continues to decline，and the impact of price increases brought about by the increase of international tourists is limited；under the expectation of Federal Reserve’s interest rate cut，the currencies of most economies in Asia-Pacific region have appreciated against the US dollar；the current accounts of various countries have diverged mainly affected by commodity exports，the decline in demand from Europe and United States result in the deterioration of some countries’ current accounts，while the growth of demand for semiconductor and electronics industry has led to some countries’ current accounts improving. Looking forward to 2025，the Asia-Pacific economic growth faces many uncertainties，especially the US elections and the Federal Reserve’s monetary policy，which will impact on economic growth within the region through trade and financial channels. However，the robust growth of internal demand under loose monetary and fiscal policies，the growth of external demand for the semiconductor and electronics industry，and the progress on regional trade agreements will effectively drive region’s economy，allowing it to continue to play an active role in global economic growth process.