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The momentum of world economic recovery is good but the challenge still visit the United States of America JP Morgan chief economist Bruce Casemen xinhuanet.com Beijing February 16 report (reporter Ming Jinwei Wang Ping) on a visit to China the United States of America JP Morgan chief economist Bruce? Casemen 16 in Beijing on an exclusive interview with Xinhua, the world economy has established a good growth momentum, but still faces a series of challenges,abercrombie, including the international financial crisis impact, developed economies sovereign credit risk and inflation pressures and other emerging economies.
"At present,, the world economy has established good, healthy expansion, in 2011 is expected to continue a steady recovery," said Casemen,jordan, "but the world economy is also facing a series of international financial crisis devastating effects related to challenge.
"In mid September 2008 international financial crisis,casque beats, the world economy gets severe impact, was in serious decline since the end of World War II most,hollister france.Over the past year, world economy is overall maintain the momentum of recovery, but the process is far from everything is going smoothly.
, eurozone sovereign debt crisis and the world economic recovery in the striking one snag after another,franklin marshall.Casemen thinks, the impact of international financial crisis, developed economies in the repair of the employment market, the housing market and the financial institutions' balance sheets, are facing challenges.
At the same time, the eurozone, Japan and the United States of America and other developed economies to ensure fiscal sustainability, and some emerging economies need to consider how to adjust monetary policy, in order to suppress inflation pressure.
"To a certain extent, the world economic growth momentum is very good,air jordan pas cher, but we should not forget the fact, that is world economy from the international financial crisis has fully recovered, also need a very long time,air jordan," he said.
When it comes to developed economies sovereign credit risk, Casemen said, although this issue in 2011 may not be very severe, but from long-term look really worrying."The developed economies, only a few countries financial situation is sustainable,abercrombie france," he said.
At present, the developed economies sovereign credit risk is not severe, on one hand because of the eurozone countries take constructive measures, to cope with the sovereign debt crisis; on the other hand, either the international or the domestic market to the United States and Japan assets still has great market demand.
But Casemen said, this is not to say, the developed economies will not appear the sovereign debt problem,hollister.Especially the United States and Japan's policy makers do not take strong and effective measures, to well solve the problem of fiscal deficit,, the situation is worrying.
He played for the United States, Japan Tokyo and Losangeles the two city residents, maybe not every day think of their city, located in seismically active belt, but this does not mean that there is no earthquake risk.
One day in the future, crust movement is possible in the two city earthquake.Casemen also said that, compared to the developed economies sovereign credit risk, while emerging economies in tackling inflation issues facing policy challenges.
He thinks, a few emerging economies rising food prices, from short-term look, mainly due to bad weather and other factors, as these supply side constraints disappear, future food prices are likely to decline.
But at the same time, these economies in non-food products caused by rising inflation pressure of more concern.These economies monetary authorities how to adjust monetary policy, so as to gradually from the crisis response pattern to normalization, would be a huge test,polo ralph lauren.
He also mentioned, the United States of America, the euro area and Japan in response to the international financial crisis, long time benchmark interest rates at historically low levels, a move likely to trigger a new speculation in the financial market problem.
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