Comment: Long-Term Preparations For Coping With Economic Turmoil

In global finance and

However, although the trend is bad, there is also a possibility of good development.

As far as the risks facing the global economy are concerned, people need not only remain calm, but also need to dispel the illusion of quick resolution and prepare for a long-term response.

From the urgency point of view, the current global economic risk lies mainly in the financial situation of the developed countries, especially the continuing deterioration of the European debt crisis and the impact of global financial and economic stability.

At the same time, developed economies such as the United States and Japan are

The debt crisis in developed countries is frozen and not solved in a short time, and economic challenges and election politics have further increased the uncertainty of economic decision-making in developed countries.

Lagarde, President of IMF, pointed out during the annual meeting that there was no lack of financial resources and action plans to solve the European debt crisis, but lacked political will and concrete implementation.

The experts attending the annual conference generally agreed that the slow growth of developed countries would be a long-term economic reality.

Yifu Lin, chief economist and senior vice president of the world bank, even said that he did not rule out the possibility of one or two quarter negative growth in developed countries.

From emerging economies and major developing countries, although they are generally relatively safe, they are expected to maintain a relatively strong growth, but in a highly connected global economy, no country can be left alone.

Debt ridden and weak growth in developed countries will worsen the global economic environment, while internal inflation and economic overheating pressure also require emerging economies and developing countries to continue to adjust their structures and improve their sustainability.

It is noteworthy that the world's finance and economy are not only aggravated by turbulence, but also emerging some new dangerous points.

During the annual meeting, World Bank President Zoellick warned that trade protectionism in some countries was expanding from food and agriculture to manufacturing.

The bell must be removed.

As Zoellick said, the crisis created by developed countries is fundamentally dependent on developed countries.

Zhou Xiaochuan, governor of the people's Bank of China, called on the major developed countries to introduce clear and credible medium-term adjustment strategies as soon as possible to boost market confidence and resist trade protectionism.

Fortunately, this year's meeting will once again convey the willingness of the international community to strengthen under the multilateral mechanism.