What are the characteristics of the current world economic policy situation 10

Situation and Policy: Today's world economy is facing the dilemma of economic expansion.

1. The future trend of inflation is a very controversial issue. The huge amount of liquidity pouring into the economy, coupled with a super-loose monetary policy, is common sense and can lead to ****. However, those who hold the opposite view point out that there is more liquidity, but the speed of circulation is slowing down.

After the 2008 financial crisis, central banks in advanced economies imposed quantitative easing restrictions, and at the time a significant number of people thought that inflation must follow. What we are seeing, however, is 10 years of deflation.

2. Generally speaking, there is short-term inflationary pressure, and the pressure may further increase, but in the medium and long term, the developed economies are still in the medium and low level of stable channels. According to Bloomberg, there were $12 trillion in bonds with negative nominal interest rates in the world as of last month, accounting for 20% of the world's investable bonds. Although it is $6 trillion less than the bad model at the end of last year, indicating a change in market expectations, it still accounts for 20% of global investable bonds.

The willingness of people to hold negative interest rates and negative bonds of $12 trillion somewhat means that holders have deflationary expectations for the future. Weak demand in advanced economies is also one of the factors that has prevented prices from rising sharply and rapidly. The key point is that the Fed has far more tools in its toolbox to curb inflation than it does to deal with deflation.

It can reduce or stop bond purchases, or it can "shrink the balance sheet", that is, ** assets, and it can also directly raise interest rates.

The main dilemmas facing the world economy today are:

1.The world economic recovery is facing severe challenges. In the first half of the year, global foreign direct investment exceeded expectations**, but the economic and prevention and control policies of various countries wavered, and the growth forecast showed a wide range**.

2.The global industrial chain is in disorder. Due to the differences in epidemic prevention measures and vaccination among countries, as well as bottlenecks in transportation and logistics, the global industrial chain has been disordered, and the shortage of raw materials has not been completely eliminated.

3.International** and investment are facing serious challenges. Affected by the economic and trade frictions between China and the United States and the conflict between the United States and other countries, the global international ** shrank in 2019.

4.Inflation has generally declined. Inflation rates in all major economies around the world have declined, and some economies have experienced deflation.

5.The risk of default on debt has increased. The epidemic and epidemic prevention and control have led to a simultaneous reduction in supply and demand in various countries, but the general decline in the inflation rate shows that the negative impact on demand in various countries is greater, and the global macroeconomic situation is generally manifested in the lack of aggregate demand.

6.Global financial markets have been volatile and volatile. After the outbreak of the global epidemic in 2020, the capital markets of major economies have seen a large number of fuses, and the United States has had four circuit breakers.

7.The prospects for economic recovery in the new and developing economies are mixed. The different degrees of the epidemic and the different economic structures of different countries have caused a large "temperature difference" in the economic recovery between emerging economies.

To sum up, the multiple difficulties facing the world economic recovery require countries to strengthen cooperation and jointly deal with them. At the same time, it is also necessary to take measures to resolve the debt crisis and promote international investment in order to promote the recovery and development of the world economy.

At present, the world economy is in the process of adjustment, some new characteristics have emerged in the world economy, and some new changes have also taken place in world economic governance.

The current overall situation of the world economy is that since the financial crisis, the fundamentals of the world economy are sound, and the major economies have maintained growth and the growth rate has accelerated. At the same time, the operation of the world economy is also facing problems and challenges such as the intensification of global economic development imbalances, the high level of resources and energy, the increase of barriers, and the tightening of the monetary policy environment. The persistence of regional hotspots, terrorist activities, and other natural disasters have also increased the costs and risks of the world economy.

The world economy has entered a new round of adjustment, and the macroeconomic policies of major economies are clearly differentiated. The pace of recovery in advanced economies has been uneven, and macroeconomic policies have diverged.

In terms of economic governance, the more obvious characteristics are: First, there is a trend of regional grouping in the world economy, and the economic protectionist barriers of regions or groups make non-group members face fierce competition in foreign economies. At present, for the sake of their own national interests, each country will combine with neighboring countries to form a regional economic bloc, and the tariffs between countries within the bloc will fall, which will deal a big blow to the non-bloc member countries that are expanding their exports.

The second is to promote the new scientific and technological revolution. The 21 st century is a century of science and technology, and all countries are adjusting their national strategies and taking the development of science and technology as the focus of their national development strategies. All countries regard scientific and technological development as a key factor in their comprehensive national strength.

How to choose an economic and scientific and technological system that suits our own national conditions, adapt it to the needs of the development of productive forces, and meet and overcome the challenges of the new scientific and technological revolution is a new topic for all countries in the present era. Third, the trend of promoting the global integration of the world economy is becoming increasingly obvious. Acting in accordance with international economic practices and actively participating in international economic competition and cooperation are objective requirements for the development of the world economy.

With the further development of the global integration of the world economy, it is difficult for any country to maintain a closed economic model, and the only choice for all countries is to adapt to this trend and strive for the initiative in economic development.

Current domestic and international situation and policies:1. Historically, every great leap of the Chinese nation from standing up to becoming rich was achieved by the Communist Party of China uniting and leading the Chinese people through a long and arduous struggle under extremely complex and severe domestic and international situations. We have stood at a new historical starting point and ushered in the bright prospect of realizing the great rejuvenation of the Chinese nation, but we will inevitably face various problems and challenges on the way forward.

2. From the perspective of the overall situation, the world is in a period of great development, great change and great adjustment, peace and development are still the theme of the times, and all kinds of chaos in the world today are a reflection of the fact that the theme of peace and development has not been well resolved. We must firmly believe that the general trend of peaceful development is irreversible, and continue to hold high the banner of peace, development, cooperation and win-win results.

3. From the perspective of roles, China is getting closer to the world stage, and the relationship between China's development and the outside world will be closer. China's influence on the world is deepening, and the world's influence on China is also deepening. We need to unswervingly follow the path of peaceful development, develop ourselves well, bring opportunities to the world, and take a more active part in global governance and play a greater role in international affairs.