国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

 
Trade tensions threaten world economic activity: UN official
                 Source: Xinhua | 2018-10-09 22:29:19 | Editor: huaxia

An incoming truckload of soybeans is unloaded at a farm in Fargo, North Dakota, U.S., Dec. 6, 2017. (Xinhua/REUTERS)

UNITED NATIONS, Oct. 9 (Xinhua) -- Global trade tensions may lead to a sharp slowdown in economic activity, UN Undersecretary-General for Economic and Social Affairs Liu Zhenmin has warned.

Global trade tensions continue to escalate, Liu Monday told the UN General Assembly's Second Committee, which is in charge of economic and financial affairs.

While the direct impact on trade flows remains limited, world trade growth has eased to about 4 percent in 2018 after expanding by more than 5 percent in 2017, said Liu.

A prolonged episode of uncertainty in the global trade arena has the potential to severely impact business and consumer confidence, asset prices, and investment behavior. This can lead to a sharp slowdown in economic activity, he warned.

"The spiral of protectionist and retaliatory measures poses setbacks to the multilateral trading system, as well as to multilateralism more broadly."

He also warned that financial vulnerabilities have been rising in many developing countries. "This is exposing them to exchange rate pressures, increased financial volatility or sudden capital withdrawal," he said.

Notably, countries with marked vulnerabilities such as fragile GDP growth, elevated political uncertainty, or large current account and fiscal deficits, have become more susceptible to financial volatility. They are at greater risk of contagion from external shocks, he said.

In a number of countries, the undercurrent of geopolitical tensions also has the potential to severely disrupt economic activity. Climate risks cloud the outlook in weather-sensitive regions, especially small island developing states, he said.

The ongoing rise in economic risks makes it all the more imperative that policy-makers build resilience in advance of any forthcoming economic shocks, said Liu. "We need to bolster the resilience of our economies and societies while improving the lives of the people who are most vulnerable."

The Donald Trump administration of the United States has adopted protectionist policies, slapping steep additional tariffs on imported products from trading partners regardless of international and domestic opposition.

Back to Top Close
Xinhuanet

Trade tensions threaten world economic activity: UN official

Source: Xinhua 2018-10-09 22:29:19

An incoming truckload of soybeans is unloaded at a farm in Fargo, North Dakota, U.S., Dec. 6, 2017. (Xinhua/REUTERS)

UNITED NATIONS, Oct. 9 (Xinhua) -- Global trade tensions may lead to a sharp slowdown in economic activity, UN Undersecretary-General for Economic and Social Affairs Liu Zhenmin has warned.

Global trade tensions continue to escalate, Liu Monday told the UN General Assembly's Second Committee, which is in charge of economic and financial affairs.

While the direct impact on trade flows remains limited, world trade growth has eased to about 4 percent in 2018 after expanding by more than 5 percent in 2017, said Liu.

A prolonged episode of uncertainty in the global trade arena has the potential to severely impact business and consumer confidence, asset prices, and investment behavior. This can lead to a sharp slowdown in economic activity, he warned.

"The spiral of protectionist and retaliatory measures poses setbacks to the multilateral trading system, as well as to multilateralism more broadly."

He also warned that financial vulnerabilities have been rising in many developing countries. "This is exposing them to exchange rate pressures, increased financial volatility or sudden capital withdrawal," he said.

Notably, countries with marked vulnerabilities such as fragile GDP growth, elevated political uncertainty, or large current account and fiscal deficits, have become more susceptible to financial volatility. They are at greater risk of contagion from external shocks, he said.

In a number of countries, the undercurrent of geopolitical tensions also has the potential to severely disrupt economic activity. Climate risks cloud the outlook in weather-sensitive regions, especially small island developing states, he said.

The ongoing rise in economic risks makes it all the more imperative that policy-makers build resilience in advance of any forthcoming economic shocks, said Liu. "We need to bolster the resilience of our economies and societies while improving the lives of the people who are most vulnerable."

The Donald Trump administration of the United States has adopted protectionist policies, slapping steep additional tariffs on imported products from trading partners regardless of international and domestic opposition.

010020070750000000000000011103261375215461
主站蜘蛛池模板: 寿阳县| 马尔康县| 广汉市| 贡嘎县| 宁化县| 益阳市| 门头沟区| 灵宝市| 淮阳县| 芮城县| 深水埗区| 吉木乃县| 任丘市| 东安县| 西乌珠穆沁旗| 湖北省| 平乡县| 洪雅县| 金平| 横山县| 梨树县| 浠水县| 琼结县| 泾川县| 金平| 儋州市| 会理县| 营山县| 栾川县| 枣庄市| 平阴县| 普陀区| 扎兰屯市| 武义县| 北票市| 古浪县| 自治县| 奈曼旗| 大化| 松滋市| 拉孜县|