Strengthen cooperation to respond to economic uncertainty challenges
August 19, 2019 09:24 Source: "Journal of Social Sciences", August 19, 2019, Issue 1759 Author: This newspaper Reporter Zhao Yuan

August 12,The German Institute of Economic Research on Germany issued a report,Under the background of intensified trade friction,The global economy in the third quarter of 2019 is facing multiple uncertainty challenges。The reporter's uncertainty faced by the global economy in the future、How to solve economic risks and other problems,Interview with relevant scholars。

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Report estimation,The growth rate of world trade will slow down,Future private consumption、Investment activities will be reduced,Falling interest rates。Clemens Fuest, director of the Institute of Ive Economics, said,Economics of all countries around the world will be affected。

Recent,The International Monetary Fund issued a report and believes,Global Technical Supply Chain bet365 live casino games Low Slows、The UK "Brexit" uncertainty continues to exist、Geopolical tensions are intensified and other factors,All will restrict economic development。This report prediction,The global economic growth rate in 2019 is 3.2%,The lowest value since 2009,The growth rate in 2020 may rise to 3.5%。

Why is the global economic growth so weak? Laurence Boone, chief economist of Economic Cooperation and Development Organization, proposed,Due to increased global economic uncertainty, it affects investor confidence,Manufacturing and investment are negatively affected。In his opinion,The main risks in the future include new trade barriers、Economic growth continues to be lower than the average level、Financial fragility intensify, etc.。

Arturo Bris, a professor at the Financial Department of Lausanne International Management Development Institute in Lausanne International Management Development, said in an interview with this reporter,Yu Wei of the financial crisis still affects major bet365 best casino games economies,The financial industry is the same。He suggests,Major economies can implement cautious fiscal policy in the future,Reduce public debt,Confidence of stabilizing investors。

Global supply chain expansion slowdown

Bernhard Dachs, a researcher at the National Institute of Technology of the Austrian National Technology Research Institute, admits,Since the 1970s,The expansion of the global value chain is an inevitable trend of the development of world economic development。Changes in global demand、A stronger regional integration in Asia will help the global value chain expansion。Today,Various signs indicate that this trend has slowed or even stagnated。

Dax thinks,The important reason for the slowdown of the global supply chain expansion is that the market tends to be saturated and lacks development opportunities。Study name,Downside demand for investment products is the main reason for the relatively stagnant growth of imports since the financial crisis。With the weakening of the labor bet365 live casino games cost advantage of Asian countries,and the supply chain "excessive stretching", which leads to a decrease in corporate flexibility and reduced demand ability in the short term,Corporate production transfer returns to the country will become a trend。At the same time,Digital production technology will also promote this trend of transferring production to the country。New technologies can increase corporate productivity、Product quality and flexibility,Promote more localized production。

Strengthen international dialogue

Professor Brian Nolan, a professor at the Department of Social Policy at Oxford University, said in an interview with this reporter,British "Brexit"、Trump adheres to the emergence of "US priority" and other phenomena,All accompanied by slow economic growth and decrease in jobs。Research indicates,Slow economic development has become an important driving force for the rise of European populist parties。

Bon emphasized,Governments of various countries must strengthen international dialogue to restore confidence,Bet365 lotto review Encourage investment to deal with future challenges。After the financial crisis,Public investment in European countries is seriously affected,It has not recovered so far。Digital technology failed to increase productivity and wages of workers is,Lack of supporting infrastructure and label skills are not enough。For the development of the digital economy,The government should strengthen human resources and skills training and infrastructure construction investment。Enterprises also need to reform the corresponding organizational structure,Strengthen skill training。

The report of the Institute of Economic Research, believes,Promoting multilateral cooperation、Strengthen policy reform,It is important for promoting global economic growth。Relieve trade friction、Reduce trade barriers,Can effectively deal with various uncertainty effects。No country should implement tariff methods for bilateral trade differences。At the same time,Fiscal policies bet365 live casino games of various countries should balance multiple goals,Efforts to boost growth potential,Strengthen tolerance,Strengthen economic toughness。

(This newspaper London, August 17th)

Editor in charge: Cui Cen
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