In its newly-released Global Economic Prospects report, the World Bank acknowledged that the world economy remains fragile four years after the onset of the global financial crisis.
Here is World Bank Group President Jim Yong Kim.
"What we see is the economic recovery remains fragile and uncertain, clouding the prospect for rapid improvement and a return to more robust economic growth. And the outlook is weak and in both high-income and developing country economies."
The World Bank estimates that global GDP grew 2.3 percent in 2017, 0.3 percent drop from its previous forecast last June. It projects the growth at 2.4 percent this year, before gradually strengthening to 3.1 percent in 2017.
The report attributes more than half of the global growth in 2017 to developing economies which achieved an estimated growth of 5.1 percent last year. The Bank says, strong domestic demand and growing South-South economic linkages have underpinned developing country resilience to the ongoing crisis. The Bank also projects the growth of developing economies at 5.5 percent this year before it rises to 5.7 percent in 2017.
However, the weakness in high-income countries is dampening developing-country growth.
World Bank President Dr. Jim Yong Kim says, despite promising and sometimes even courageous measures taken in Europe, there are issues remain in the Euro zone. And the United States is trying to deal with its debt and fiscal crisis.
"The risks from this situation are substantial, especially for developing countries that have remained remarkably resilient thus far. But we can't wait for a return to growth in the high-income countries, so we have to continue to support developing countries in making investments in infrastructure, in health, in education. This will set the stage for the stronger growth that we know that they can achieve in the future."
The World Bank urges developing countries to ensure their fiscal and monetary policies robust and responsive to domestic conditions instead of trying to anticipate every fluctuation in developed countries.
Last year developing countries recorded among their slowest economic growth rates of the past decade, partly due to the Euro zone debt crisis. International capital flows to developing countries fell 30 percent in the second quarter of last year.
The World Bank also points out that the hope of a U-shaped recovery of the global economy is changing to a W-shape, meaning it will take longer time to recover.
For CRI, this is Xiaohong, reporting from Washington.
最常用的26句生活用语
2岁的萝莉口译员Lucy Wang
疯狂口语要素精选 17
实用口语情景轻松学:你最喜欢哪个季节?
口语情景对话:走遍美国精选 偷得浮生半日闲ACT 3 - 1
疯狂口语要素精选 13
实用英语:如何用英语砍价
口语情景对话:走遍美国精选 做游戏ACT 3 - 2
2011年实用口语练习:这只是“权宜之计”
2011年实用口语练习:背后捅刀
实用口语:Nicole's day at school
“潜规则”之职场八条
日常口语精华集1
口语情景对话:走遍美国精选 没问题ACT 2 - 1
职场英语情景会话:Farewell before Christmas 圣诞前的道别
英语口语主题:交际英语热门话题47个(21--生日派对)
2011年实用口语练习:Arrival 入学报到啦
20条地道实用英语句型(2)
中国常犯的英语口语错误
口语情景对话:走遍美国精选 二度蜜月ACT 3 - 2
新东方英语口语开口篇:Age 年龄(4)
美国生活必备口语:租房英语大全(1)
实用口语情景轻松学:说一说旅行要准备的东西
2011年实用口语练习:表达鼓励的10句英语
节日英语口语:十一句话搞定圣诞礼物
大学新生常用口语:熟悉校园和同学
口语情景对话:走遍美国精选 当仁不让 ACT 3 - 1
英文情景对话:我想吃真正的中国菜
实用口语情景轻松学:求职面试
老外“精神不好”时会说些什么
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |