There are downside risks to the bet365 casino bonus economy
The World Bank’s 2020 Global bet365 casino bonus Prospects Report is released
January 10, 2020 08:05 Source: "China Social Sciences Journal" Issue 1855, January 10, 2020 Author: Our reporter Zhao Yuan Wang Junmei Wang Xiaozhen

January 8,The World Bank releases the "2020 Global Economic Prospects Report"。Report forecast,With the gradual recovery of trade and investment,The global economic bet365 casino bonus rate in 2020 will be 2.5%,Compared with 2 in 2019.4% slight increase,But the risk of economic downturn still exists。How to resolve the crisis、Promote stable economic bet365 casino bonus,The reporter interviewed relevant experts and scholars on the above issues。

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Multiple risks drag down economic bet365 casino bonus

Report submitted,Downside risks to the global economic outlook remain,These risks could significantly slow economic bet365 casino bonus。Global economic risks include a renewed escalation of trade tensions and trade policy uncertainty、The recession in major economies is deeper than expected,And financial turmoil in emerging markets and developing economies, etc.。Report expected,Due to the negative impact of previous tariff increases and increased uncertainty,The U.S. economic bet365 casino bonus will slow down to 1 in 2020.8%。Due to weak industrial activity,Eurozone economic bet365 casino bonus will drop to 1% in 2020。

Report said,On the one hand,Over the past 50 years,There have been four waves of debt accumulation around the world。The latest wave of debt bet365 casino bonus starting in 2010,is the largest bet365 casino bonus among them、The fastest、The widest range。While currently low interest rates mitigate some of the risks associated with high debt,But a previous wave of broad-based debt accumulation ended in a widespread financial crisis。On the other hand,Productivity improvement slows down。Productivity bet365 casino bonus is the main source of income bet365 casino bonus and the driving force for poverty reduction,Since the Global Financial Crisis,The bet365 casino bonus rate is significantly slower than at any time in 40 years。In emerging market and developing economies,Economic slowdown reflected in weak investment、Slower efficiency bet365 casino bonus and reduced interdepartmental resource reallocation。

David Malpass, President of the World Bank Group said,The bet365 casino bonus rate and scope of the current debt scale are worrying。Policymakers should pay attention to debt management,Increase transparency,Thus increasing investment and promoting economic bet365 casino bonus,Ensure that the debt it assumes promotes sustainable development。

Report analysis,Inflation in low-income countries has fallen from 25% in 1994 to 3% in mid-2019。A more flexible exchange bet365 casino bonus system、A more independent central bank、Lower government debt and a more benign external environment support falling inflation in low-income countries。Report Suggestions,In the context of increasing fiscal pressure and risks of exchange bet365 casino bonus shocks,Policymakers need to strengthen the monetary policy framework and central bank capabilities to keep inflation low,Replace price controls with more effective policies。

Zhang Guihong, director of the United Nations and International Organization Research Center at Fudan University, said in an interview with this reporter,Global political and security risks also deserve attention。2020,The international situation will remain unstable in general,Some areas may even fall into turmoil and conflict。The scale and continued development of the conflict will affect the international trade and investment environment of certain countries and regions,Causing turmoil in commodity prices,Thus deepening the uncertainty of the bet365 casino bonus economy。

 China provides stability for economic bet365 casino bonus

Report expected,The economic bet365 casino bonus rate of developed economies will decline to 1 in 2020.4%,Partly due to continued weakness in manufacturing。2020,The bet365 casino bonus rate of emerging markets and developing economies will reach 4.1%,But due to lower than expected exports and investment,About 33% of emerging markets and developing economies will also see their economic bet365 casino bonus slow down。

The report predicts that China’s economic bet365 casino bonus rate will be 5 in 2020.9%。To this,Zhang Guihong said,China’s economic bet365 casino bonus rate has been slightly reduced,But still higher than most emerging economies。China is already the world’s second largest economy,The steady bet365 casino bonus of China’s economy will continue to provide the greatest stabilizing force for the bet365 casino bonus of the world economy。

Feng Yongqi, professor of the Department of Finance, School of Economics, Jilin University, said in an interview with this reporter,China’s GDP bet365 casino bonus in the first three quarters of 2019 was 6% year-on-year.2%。On a quarterly basis,China’s GDP bet365 casino bonus rate in the first three quarters was 6% year-on-year respectively.4%、6.2%、6.0%。By industry,The year-on-year bet365 casino bonus rate of the primary industry is 2.9%、The secondary industry is 5.6%、The third industry is 7.0%。These data show,Although there is still downward pressure on China’s economy,But the downward speed has slowed down,The economy is generally stable,Continuously optimized structure。Looking ahead to 2020,China will further deepen reforms,Accelerate the level of opening up to the outside world,Especially in the financial industry。RMB internationalization、The “Belt and Road” construction and financial opening will further cooperate with each other,Promote China’s economic development in depth。

 Multiple measures to promote stable economic bet365 casino bonus

Ayhan Kose, Director of the Development Prospects Group of the World Bank Group said,The current low global interest rates provide only unstable protection against financial crises。In a fragile global bet365 casino bonus environment,It is crucial to reduce debt risks through improved policies。

World Bank Group Head of Equitable bet365 casino bonus、Ceyla Pazarbasioglu, Vice President for Finance and Institutions,Policymakers should seize the opportunity to carry out structural reforms,To promote broad-based economic bet365 casino bonus,This is vital to poverty reduction。Improve the business environment、Rule of law、Debt Management and Productivity Policies,will help achieve continued bet365 casino bonus。

World Bank economist Franziska Ohnsorge said in an interview with this reporter,Emerging economy markets play an important role in world economic bet365 casino bonus,The slight increase in global economic expectations is largely due to the economic recovery of emerging economies,But the economic bet365 casino bonus of emerging economies still faces downside risks in the future。If trade tensions ease in 2020,Will be beneficial to the development of manufacturing,Global economic bet365 casino bonus may show an upward trend as a result。

Yang Zhimin, director of the Regional Cooperation Research Office of the Institute of Latin America, Chinese Academy of Social Sciences, said in an interview with this reporter,The only certainty in the global economy in 2020 is that the "grey rhinoceros" of "uncertainty" is still on its way。Facing challenges,Countries around the world, especially major economies,We need to combine the important responsibility of coping with our own economic reform and development with the responsibility of working together to create a good external environment。Only this,In order to boost world economic bet365 casino bonus、Create new opportunities to promote sustainable economic development in various countries、Inject new impetus。

Editor: Chang Chang
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