The future of the world economy is uncertain and uncertainties have increased
In 2019, unilateralism, protectionism and populism became even more unrestrained, leading to many negative developments and new problems for the world economy. Bullying by some countries leads to increased trade barriers and economic and trade frictions. Rising trade disputes and geopolitical tensions have increased volatility and risks in the world economy; Lack of momentum and sluggish growth have weighed on the world economy.
The lag in global governance and imbalance in international economic development hinder the steady development of the world economy. The application of new economy and new technology has seriously impacted the development and expansion of traditional economy and real economy. Monetary policy adjustments in advanced economies have put enormous pressure on emerging markets and developing countries, causing serious negative spillovers. Headwinds of economic globalization have hedged the healthy momentum of the world economy and exerted a major impact on the industrial, supply and value chains.
The general depression of the world's major economies has cast a shadow over the world economy. The ghosts of the international financial crisis and the global economic crisis are still lingering, and some adverse consequences are still emerging, posing new dangers. International debt and social problems such as aging in some countries have had a negative impact on world economic growth.
The causes of sluggish world economic growth
The world economy in 2019 will be as difficult as many people expected. After the outbreak of the international financial crisis in 2008, the world's major economies joined hands to fight back. Thanks to relatively stable major-country relations and the global landscape, the global economy has gradually emerged from the shadow of the crisis and shown good signs of sustained and steady growth.
In particular, the strong growth of emerging markets and developing countries such as China has made a significant contribution to world economic growth. In 2017, the global economic growth rate reached 3.8 percent. In 2018, the world still maintained growth on the whole because of the inertia of multi-year economic recovery and sustained growth.
But since 2018, though, the world economy as a whole has continued to grow. But the United States to "America first" and "American ChiKuiLun" on the grounds that a trade war, allied waving the big stick of tariffs to the world, serious degradation and poison the ecological environment of the world economy, leading to a severe global economic trade exception, trade disputes, the market panic, global investors nervously, general increase the momentum of economic growth has been suppressed for a time. In 2018, the world still maintained growth on the whole because of the inertia of multi-year economic recovery and sustained growth.
Post time: Nov-07-2022