At the end of the fall of 2010, “World Economic Outlook” report, after the press conference, Blanchard just ready to leave, the major media reporters rushed to his hand voice recorder. Perhaps it is because talking too much tired, perhaps because the prior and the press officer to reach a tacit understanding, Blanchard on several questions are deaf. But after a reporter raised the issue, Blanchard squint at a press gently nodded his head, and then said: “I will answer this question, we should say that I really like this tie it!”

6 am, IMF headquarters building can accommodate hundreds of people packed the press conference hall, not only because the protagonist of this influential conference, but also because a number of IMF economists, the report was jointly written by the latest pulse of the global economy.

Blanchard’s expressions and body language has to answer. Although the French economist who was born like this brown background, dotted with red spots in the tie, but he was certainly not too fond of the current world economic situation in the many uncertainties. Reporter noted that in the course of the entire news conference, he has been stern to speak and answer questions, I feel preoccupied.

In fact, the former Harvard and MIT Professor of Economics at the IMF has always been left to colleagues relatives and others, profound knowledge, like the impression of going to the gym, but the global economy faces downside risks to the recovery so that he can hardly be easy.

6, the conference started, Blanchard pointed out that the world economy is recovering, although the second bottom of the world economy is unlikely, but still faces many challenges, and the uneven pace of recovery in the pace of emerging economies body of strong growth, the slow pace of recovery in developed economies.

IMF in the fall, “World Economic Outlook” report predicted that world economic growth next year, were 4.8% and 4.2%. IMF world economic growth this year than the July forecast of 0.2 percentage points to raise, but forecasts growth in 2011 than had been reduced by 0.1 percentage points. This is mainly because the developed economies to strengthen fiscal consolidation, people began to live cheaply, leading to reduced demand, world economic growth will slow next year.

Two conference prolific economist who wore the same tie though, but his point is a different concern. IMF annual meeting in the spring of the occasion, the world’s main concern is the Greek sovereign debt crisis and financial market turmoil impact the world economy, this fall we are more concerned about is the “post-crisis” era of how to coordinate national policies reduce the downside risks and to revive growth.

Fall, “World Economic Outlook” report also added a chapter preface written by Blanchard. He concluded at the end of the preface: “In the current stage, the balance between national policy and global coordination has become the most serious financial crisis than the more critical.”

Indeed, how to coordinate national fiscal policy, monetary policy and trade policy and other aspects of the position, as the global foundation for sustained economic recovery is the recent co-leaders and economists challenge the wisdom and execution of a difficult problem, they will be this fall IMF and the World Bank a hot topic at the annual meeting.

If solving success, I do not know the next conference will Blanchard will not be wearing this tie, but it would have been a little more smile.

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