As the effects of large-scale economic stimulus policies of various governments have further manifested, investor and consumer confidence have recovered, and developed countries have achieved significant effect of restocking. The growth of demand in emerging economies has been strong. In the first half of 2010, the world economy continued to recover, with an increase of 5.3%. Among them, the economic growth of developed countries is 3.3%, and that of emerging economies and developing countries is 8%. However, in quarters, the recovery momentum in the second quarter has slowed down significantly. From the current situation analysis, the impact of the international financial crisis has not yet been completely eliminated, and the global economic downside risks remain.
The global economy is gradually picking up 1. The world economy has entered a period of sustained low-speed recovery Currently, the global economy is still recovering. Although the secondary recession is unlikely, the downside risk of the world economy has increased, and the growth has been slow and the recovery is weak. The situation will continue for a long time. This is because this round of economic recession is not only a simple cyclical adjustment, but also the potential problems of the world economy are exposed one by one during the crisis, including the problems of economic structure and industrial structure, and the contradiction between economic development and growth patterns. Wait. The duration and severity of this complex economic recession may exceed expectations, mainly in:
(1) Excessive consumption by individuals and governments in developed countries leads to huge personal and sovereign debts. The implementation of tight fiscal and personal saving will all affect consumption growth and thus affect economic recovery.
(2) The deleveraging in the financial sector continues and the function of the financial market has not yet fully recovered, making it difficult to substantially promote the recovery of the real economy.
(3) Many countries proposed that new industries such as new energy and environmental protection should lead to a new round of economic growth. However, as these new technologies are still in their infancy, it is difficult to form new economic growth points in the short term and the economic growth is very limited. .
The global economy is gradually picking up 1. The world economy has entered a period of sustained low-speed recovery Currently, the global economy is still recovering. Although the secondary recession is unlikely, the downside risk of the world economy has increased, and the growth has been slow and the recovery is weak. The situation will continue for a long time. This is because this round of economic recession is not only a simple cyclical adjustment, but also the potential problems of the world economy are exposed one by one during the crisis, including the problems of economic structure and industrial structure, and the contradiction between economic development and growth patterns. Wait. The duration and severity of this complex economic recession may exceed expectations, mainly in:
(1) Excessive consumption by individuals and governments in developed countries leads to huge personal and sovereign debts. The implementation of tight fiscal and personal saving will all affect consumption growth and thus affect economic recovery.
(2) The deleveraging in the financial sector continues and the function of the financial market has not yet fully recovered, making it difficult to substantially promote the recovery of the real economy.
(3) Many countries proposed that new industries such as new energy and environmental protection should lead to a new round of economic growth. However, as these new technologies are still in their infancy, it is difficult to form new economic growth points in the short term and the economic growth is very limited. .