Zhu Guangyao, former Minister of Finance, said on Saturday (July 16) that the current world is facing the worst systemic crisis since the end of World War II.
According to the "financial industry" report, Zhu Guangyao said in the "China Wealth Management 50 Macro Macro Summit 2022 Macro Summit" that the first most intuitive is the global economic recession.The International Monetary Fund announced on June 24 that after the US government ended the fourth clause and policy consultation, it announced that the US's 2022 economic growth rate was further reduced to 2.9%, and on July 12th, it was further reduced to 2.3%.Gioneva, president of the International Monetary Fund, clearly announced to the world that the US economy is currently facing very large downward pressure. For the world economy, it is difficult in 2022, and it will be more difficult in 2023.
Followed by the global supply chain, it is severely impacted.The crown disease epidemic has a serious impact on the global production chain, supply chain, and value chain, especially the stability of the supply chain.
Finally, the global debt crisis.According to data from the International Financial Association, the total global debt was US $ 3.03 trillion in 2021, accounting for 357%of the global GDP. Among them, public debt accounted for a relatively large public debt and global public financial deficit.The International Monetary Fund believes that one -third of the world's two -thirds of the world's low -income countries are currently in debt dilemma. The crisis is accumulating the explosion. Sri Lanka is the first case.
Zhu Guangyao said that in addition to the global economic recession, the epidemic has a serious impact on the stability of the global production chain, supply chain, and value chain, especially the stability of the supply chain.The energy crisis and the global food crisis erupted at the same time, intertwined and overlapping each other, and the degree of deterioration is continuously deepening.
What should I do in the face of the worst global system crisis after this World War II, Zhu Guangyao believes that the first is to maintain the stable and healthy development of China's economy.It is necessary to vigorously promote reform and opening up, and make China's economic growth back to the level of potential productivity as soon as possible, that is, the level of growth of 5%to 6%.
At the same time, the improvement of the labor productivity of the whole element must be found to find a new motivation to increase development, consolidate the foundation of economic development, maintain economic operation in a reasonable range, and strive to achieve this year's economic and social developmentTarget.
