Zhou Xiaochuan: Global debt and financial risks warrant attention at the twentieth anniversary global annual meeting
xnyykd222
发表于 2023-10-28 15:05:21
1364
0
0
“The global debt and financial risks are of concern to central banks of major developed economies or to maintain a high interest rate environment for a longer period.” On 28 October, the Co-Chair of the International Finance Forum and former Central Bank President Zhou Xiaochuan noted at the annual global meeting on the twentieth anniversary of the International Finance Forum (IFF) that international trade and investment were currently growing at a much slower pace, with slow and uneven global economic recovery and increased uncertainty as a result of a combination of risks such as unilateralism, geopolitical, military conflict, inflation, international debt and industrial chain restructuring.
Zhou Xiaochuan mentioned that the latest report issued by the IMF in October indicated that global economic growth was expected to slow from 3.5 per cent in 2022 to 3.0 per cent in 2023 and 2.9 per cent in 2024, well below the average of 3.8 per cent for the period 2000-2019. As for the rate of increase in global economic indicators in 2024, other international agencies are also expected to be relatively low, with WTO predicting 2.5 per cent and OECD predicting 2.7 per cent. At the same time, while the global rate of inflation has slowed, core inflation remains more adhesive and declining slowly. The IMF predicts that global inflation will fall from 8.7% in 2022 to 6.8% this year, but inflation in most countries will not reach the central bank target until at least 2025.
“We need to learn to use the `gold key' of peace, development, cooperation and win-winness to solve the current set of problems facing the world economy, international trade and investment.” Zhou Xiaochuan said that, in the face of economic challenges, countries should strengthen their coordination and cooperation in dealing with them, and should adhere to the right direction of globalization, safeguard multilateralism and avoid “stitching” walls and economic coercion. An open world economy was to be built against protectionism and to avoid the misuse of national security arguments to restrict trade and investment. The reform of the World Trade Organization should be actively pursued, making full use of regional cooperation mechanisms and new trends in regional economic integration, and should actively promote free trade and investment. There was a need to strengthen the coordination of national macroeconomic, financial and regulatory policies and to avoid new imbalances caused by unilateralism and unilateral sanctions. In particular, the severe impact on developing countries of the spillover effects of austerity policies in developed economies should be managed. There is a need to focus on practical cooperation in many areas, particularly in such important areas as the digital economy, climate change, green development and supply chains, and to introduce new dynamics into the world economy.
Zhou Xiaochuan stated that, over the past 20 years, the IFF had taken the initiative of playing its role as a permanent mechanism for international dialogue, actively promoting communication and exchange on key issues of global economic finance, and had played its unique role in fostering international financial community exchanges and cooperation to help the world economy achieve sustainable development.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- The next government is under immense pressure! US debt interest burden hit a 28 year high
- Alibaba International Station, as the only invited cross-border e-commerce platform, appeared at Sibos Annual Conference
- The "Little Pony" card is unveiled globally, accelerating the globalization of card games
- Xiaoma Zhixing hits the "world's first Robotaxi stock", and the "iPhone moment" of autonomous driving is approaching
- The world's first universal autonomous driving stock! Wenyuan Zhixing listed on NASDAQ
- Behind the abnormal sell-off of US Treasury bonds: Has a debt crisis begun to emerge?
- Vipshop's' Global Good Goods Port 'Debuts at CIIE, Gathers Global Good Goods at CIIE
- Global highlights next week: APEC leaders' meeting held, Tencent and Alibaba release financial reports
- The US dollar index rose for 5 consecutive days and broke through the 107 level. Powell claimed that he is not in a hurry to cut interest rates | Global markets
- Alibaba plans to issue senior unsecured notes to repay overseas debts and repurchase shares
-
知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
- caffycat
- 11 小时前
- 支持
- 反对
- 回复
- 收藏
-
每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
- star8699
- 前天 19:48
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
- goodfriendboy
- 前天 20:09
- 支持
- 反对
- 回复
- 收藏
-
人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
- 3233340
- 5 小时前
- 支持
- 反对
- 回复
- 收藏