Zhang Yongjun: The International Economic Situation Is Still Not Optimistic. We Should Strengthen Macroeconomic Policy Coordination.

On the morning of July 20th, Zhang Yongjun, Vice Minister of Research Department of the China International Economic Exchange Center, said in the forums on the analysis of the economic situation in the first half of 2011 and the trend of the second half of the year, the international economic situation is still not optimistic in the short term.

Zhang Yongjun said that in the first half of this year, the world economy showed a "growth rate".

Zhang Yongjun said that the financial crisis caused by the collapse of the real estate bubble often lasted for a long time, and the European sovereign debt crisis was also a manifestation of the financial crisis that led to a decline in government credit.

"At this stage, the employment situation of the major developed economies such as the United States has not been able to improve, reflecting the need for adjustment of the economic structure and structure.

Earlier, its loose monetary policy led to excess liquidity and low interest rates, which led to a rise in asset prices, while the increase in the supply of money did not flow into the real economy. "

Zhang Yongjun believes that the current plague

"Although inflation in some emerging economies is likely to slow down in the second half of the year, the economic situation in Japan will gradually recover, but the OECD and the GDP growth rate is still decreasing, which indicates that the growth rate of the developed economies may continue to decline in the second half of the year," Zhang Yong said. "The world economy is still not optimistic in the short term".

Zhang Yongjun believes that to promote world economic growth, we must improve.

In addition, Zhang Yongjun said that the government and the media should also rationally guide the public and market expectations.