Long Guoqiang, Deputy Director of the Development Research Center of the State Council: The new characteristics of the world economy present the "three highs and one low"

Cover news reporter Su Yu

On July 16th, the "Macro Situation Forum -2022 Annual Meeting of the 2022" hosted by the Chongyang Financial Research Institute of Renmin University of China opened in Beijing. Long Guoqiang, deputy director of the Development Research Center of the State Council, said at the meeting that at present, the world economy presents a new characteristics of "three highs and one low". It is necessary to pay close attention to new changes, properly respond to new challenges, and do a good job of stabilizing foreign trade, stabilizing foreign capital, stable expectations for stable expectations Wait for work.

The "Macro Situation Forum -Summer Annual Meeting of 2022" opened in Beijing.

Long Guoqiang, deputy director of the Development Research Center of the State Council, attended the meeting.

Long Guoqiang said that the new crown epidemic has impacted the economy from both sides of the supply and demand, which has brought many difficulties. In response to the impact of the epidemic, countries around the world have adopted a variety of measures including loose monetary policies and fiscal policies, and have achieved certain results, but they also face many new problems.

He pointed out that at present, the world economy presents a new feature of "three highs and one low": first, high cost and high price. Petroleum, natural gas and other commodities are high, and developed economies such as the United States and Europe have faced the worst inflation in the past forty years. In June, the US CPI reached 9.1 %, especially the price of oil and gas and food prices, which made many low -income families difficult. The second is high interest. In response to inflation, the Fed has adopted a radical interest rate hike policy, which led to a new trend of global capital flow, affecting the stability of financial markets such as the foreign exchange market, and its spillover effect also caused other economies to face the pressure of interest rate hikes.

The third is high risk. Some European countries are facing the energy crisis, and many developing countries are facing the food crisis. The global supply chain and industrial chain are unstable, and the risk of US stock markets, bond markets, and housing markets increases, and may have spillover effects.

Fourth, low growth rate. Under the comprehensive effect of epidemic and a series of factors, world economic growth rate recovers, and international organizations have lowered their predictions on future economic growth.

Long Guoqiang predicts that the new features of the world economy's "three highs and one low" will inevitably affect economic operation through international trade, international finance, international investment, and international logistics channels. Deep changes in the international economic pattern. In addition to the short -term international situation challenges, we must also accurately grasp the long -term and trend changes of the international economic pattern.

"The international environment is complicated and severe. It is necessary to maintain strategic determination, coordinate two major international and domestic situations, and overall development of development and security. We will persist in developing development as the first priority and do your own affairs." Long Guoqiang said.

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