International Monetary Fund (IMF) 20 issued a semi-annual "World Economic Outlook" (World Economic Outlook) report, warning the global economy has entered "a dangerous new phase", the weak recovery than many predicted a few months ago, the Western economies may recession, and have serious ripple effects worldwide.
IMF to its 2011 and 2012 global economic growth forecast cut by 0.5% to 4.0%.However, IMF predicted in the report, China's economic growth rate over the same period of 9.5% and 9%, to lead world economic growth continues to be the "leader."The report notes that inflationary pressures will still be the top challenges facing the Chinese economy.But IMF austerity measures in China also can be effective in suppressing inflation in confidence.
IMF said the U.S. economy likely to remain weak the next few years, the fund also put U.S. economic growth this year forecast cut by one percentage point, to 1.5%, lower than the frequent crisis growth rate of the euro area 1.6%, IMF predicted the United States 2012 annual growth rate of 1.8%.IMF says the collapse of U.S. consumer confidence, business sentiment setback, the housing market and the continued crisis in financial markets, will grow in the coming years, well below the historical average.
The bleak assessment, will certainly increase the parties concerned could face the United States, like Japan's "lost decade", IMF said the U.S. authorities to the task is to establish reliable financial policy agenda.
The report noted that China and other emerging economies will continue to remain relatively strong economic growth momentum, but because of the impact of the global industrial chain, and suffered weak demand in developed countries, emerging economies will be slightly slower economic growth.
The report predicts that China's economic growth next year than forecast in June decreased by 0.1 and 0.5 percentage points, but still 9.5% and 9%.IMF believes that the current Chinese government policy of austerity and net external demand is weakening in China's economic growth slowdown caused by the reason.
Report that with the fiscal stimulus gradually lifted, China's investment growth has slowed, but still the world's major contributor to economic growth.Investment remains strong, driven by China's economy will continue to be the world economic growth "leader."
Reported that, although inflationary pressures still exist, but in the recovery of the role of credit and other measures, the Chinese mainland real estate prices and credit growth has eased.These measures include restrictions on credit growth, higher interest rates and increased the deposit reserve rate.In addition, the Chinese mainland authorities also restricted by setting the proportion of housing loans and the purchase of housing and other measures to curb real estate price inflation.
IMF says global economy in 2010 from the Great Depression in 2008-2009, rebound, but was advanced economies, particularly the United States and the euro area continued to drag on debt and deficit problems, IMF, 17 countries of the euro area, the its 2012 growth forecast cut to 1.1%.
IMF said that emerging and developing economies, due to capacity constraints, and foreign policy tightening and a slowdown in demand, resulting in slower growth.In addition, IMF almost all global growth to be cut, including Russia, Latin America, sub-Saharan Africa, the Middle East and North Africa.
IMF to its 2011 and 2012 global economic growth forecast cut by 0.5% to 4.0%.However, IMF predicted in the report, China's economic growth rate over the same period of 9.5% and 9%, to lead world economic growth continues to be the "leader."The report notes that inflationary pressures will still be the top challenges facing the Chinese economy.But IMF austerity measures in China also can be effective in suppressing inflation in confidence.
IMF said the U.S. economy likely to remain weak the next few years, the fund also put U.S. economic growth this year forecast cut by one percentage point, to 1.5%, lower than the frequent crisis growth rate of the euro area 1.6%, IMF predicted the United States 2012 annual growth rate of 1.8%.IMF says the collapse of U.S. consumer confidence, business sentiment setback, the housing market and the continued crisis in financial markets, will grow in the coming years, well below the historical average.
The bleak assessment, will certainly increase the parties concerned could face the United States, like Japan's "lost decade", IMF said the U.S. authorities to the task is to establish reliable financial policy agenda.
The report noted that China and other emerging economies will continue to remain relatively strong economic growth momentum, but because of the impact of the global industrial chain, and suffered weak demand in developed countries, emerging economies will be slightly slower economic growth.
The report predicts that China's economic growth next year than forecast in June decreased by 0.1 and 0.5 percentage points, but still 9.5% and 9%.IMF believes that the current Chinese government policy of austerity and net external demand is weakening in China's economic growth slowdown caused by the reason.
Report that with the fiscal stimulus gradually lifted, China's investment growth has slowed, but still the world's major contributor to economic growth.Investment remains strong, driven by China's economy will continue to be the world economic growth "leader."
Reported that, although inflationary pressures still exist, but in the recovery of the role of credit and other measures, the Chinese mainland real estate prices and credit growth has eased.These measures include restrictions on credit growth, higher interest rates and increased the deposit reserve rate.In addition, the Chinese mainland authorities also restricted by setting the proportion of housing loans and the purchase of housing and other measures to curb real estate price inflation.
IMF says global economy in 2010 from the Great Depression in 2008-2009, rebound, but was advanced economies, particularly the United States and the euro area continued to drag on debt and deficit problems, IMF, 17 countries of the euro area, the its 2012 growth forecast cut to 1.1%.
IMF said that emerging and developing economies, due to capacity constraints, and foreign policy tightening and a slowdown in demand, resulting in slower growth.In addition, IMF almost all global growth to be cut, including Russia, Latin America, sub-Saharan Africa, the Middle East and North Africa.
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