Global Economy Key Recovery Market Confidence
U.S. two-day after the end of the eighth Asia-Europe Summit, the participating Asian and European leaders issued a joint statement said, as countries actively promote the economic stimulus plan, the global economic recovery continues, but in view of this recovery is not strong, the current The focus should be to restore market confidence, maintain the momentum of economic recovery.
The leaders welcomed the Asian countries to maintain economic growth to take action. They also said that European countries emerging from crisis intervention policy adopted to bring the high deficit and debt, and financial market fragility and uncertainty of the world economy have some contact with this.
To this end, they welcomed the European countries to ensure the normal operation of the sovereign debt market, taken measures to encourage European countries in protection of economic growth, according to national conditions to develop a credible plan for fiscal consolidation.
Currently, the global economic recovery has been uneven, with Asia emerging economies, the recovery was strong, while the European Union and other developed economies, recovery is still fragile. According to European Commission forecast economic growth of the European Union in 2010 1.8% 2011 1.7%, while China’s economic growth rate next year, up 10.3% and 9.4%.
The International Monetary Fund (IMF) 6 released the fall of 2010, “World Economic Outlook” report that the overall economic recovery in the world to achieve the desired progress, downside risk increases. The report predicts that world economic growth this year and next, respectively, 4.8% and 4.2%.
Reported that most developed economies and some emerging economies still face significant adjustments, including the improvement of family income, stability, and reduce high public debt, and repairing and reforming the financial sector.
Two days after the end of the eighth Asia-Europe Summit, the participating Asian and European leaders issued a joint statement said, as countries actively promote the economic stimulus plan, the global economic recovery continues, but in view of this recovery is not strong, the current focus should be to restore market confidence, maintain the momentum of economic recovery.
The leaders welcomed the Asian countries to maintain economic growth to take action. They also said that European countries emerging from crisis intervention policy adopted to bring the high deficit and debt, and financial market fragility and uncertainty of the world economy have some contact with this.
To this end, they welcomed the European sovereign debt markets to ensure the normal operation of the measures taken to encourage the European countries in protection of economic growth, according to national conditions to develop credible plan for fiscal consolidation.
Currently, the global economic recovery has been uneven, with Asia emerging economies, the recovery was strong, while the European Union and other developed economies, recovery is still fragile. According to European Commission forecast economic growth of the European Union in 2010 1.8% 2011 1.7%, while China’s economic growth rate next year, up 10.3% and 9.4%.
The International Monetary Fund (IMF) 6 released the fall of 2010, “World Economic Outlook” report that the overall economic recovery in the world to achieve the desired progress, downside risk increases. The report predicts that world economic growth this year and next, respectively, 4.8% and 4.2%.
Reported that most developed economies and some emerging economies still face significant adjustments, including the improvement of family income, stability, and reduce high public debt, and repairing and reforming the financial sector.
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Category: World Affairs
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