（Source:《International Business News》June 30, 2020)
The COVID-19 epidemic has severely damaged the world economy, and major economies are facing severe challenges. Experts interviewed said that in response to global challenges, all countries should adopt an attitude of jointly overcoming difficulties, strengthen international cooperation, and work together to push the world economy out of the shadow of recession and achieve recovery as soon as possible.
The future is full of uncertainty
The epidemic has spread globally, economic activities have contracted, external demand has decreased, industrial and supply chain circulation has been blocked, and international w88 and investment have shrunk significantly. Recently, many international institutions have lowered their forecasts for global economic growth.
International Monetary Fund (IMF) released an update to the World Economic Outlook Report on June 24. It is expected that the global economy will shrink by 4.9% this year, 1.9 percentage points lower than the April report. Specifically, the report predicts that the economies of developed economies will shrink by 8% this year, and that of emerging market and developing economies will shrink by 3%, down 1.9 percentage points and 2 percentage points respectively from April.
World BankThe "Global Economic Outlook" report released on June 8 stated that due to the impact of the epidemic, the global economy is expected to decline by 5.2% in 2020, which will be the most serious economic recession since World War II. Among them, economies that rely heavily on global w88, tourism, commodity exports and external financing will be hardest hit by the epidemic, and the vulnerability of emerging market and developing economies will also be amplified by external shocks.
World w88 OrganizationThe updated version of the "Global w88 Data and Outlook" report released on June 23 shows that global w88 in goods fell by 3% year-on-year in the first quarter of this year, and the decline in the second quarter is expected to be approximately 18.5%.
United Nations Conference on w88 and DevelopmentThe "World Investment Report 2020" released on June 16 shows that due to the epidemic, global foreign direct investment will shrink significantly this year, with the total amount expected to fall below US$1 trillion for the first time, the lowest level in the past 15 years.
Zhuang Rui, Vice President of the National Institute for Opening up and the Institute of International Economics at the w88 casinotold a reporter from the International Business Daily that the epidemic has had an unprecedented impact on the world economy, with production and operations restricted, industrial and supply chains blocked, and w88 and investment declining. Major economies, which are the engines of global growth, are also facing severe challenges. As predicted by some international institutions recently, the world economy is facing"The worst global economic recession since the Great Depression of the 1930s" and "the worst economic recession since World War II". Recession has become inevitable. If the epidemic cannot be controlled in the second half of the year, the situation will be even worse.
We need to work together to overcome the difficulties
As for how to promote world economic recovery, Zhuang Rui said that all countries must first ensure the stability of their own economies, support the development of pillar industries, and seize new economic growth points. Taking China as an example, under the epidemic, new business forms and industries related to information technology have accelerated their development against the trend. Therefore, countries must seize the opportunity and tap their potential to stimulate economic growth. At the same time, we need to strengthen international cooperation, conduct effective communication and coordination, and jointly respond to global challenges. Only by effectively strengthening cooperation and exchanges in w88, investment and personnel can economies of scale be generated and more development opportunities created. In addition, we should further enhance mutual trust and promote a more open market.
