久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / 2023 year in review

Global economy faces rough weather ahead

By SHAO XINYING | China Daily | Updated: 2023-12-28 09:27
Share
Share - WeChat
A woman holds up a Spanish sign reading "Our soup kitchens need food" outside Argentina's Social Development Ministry during a protest demanding more government food aid for soup kitchens in Buenos Aires on Dec 22. RODRIGO ABD/AP

Daily squeeze on budgets

Tomas Hnyk, a Prague resident, told China Daily that ordinary people face a daily squeeze on their budgets.

"The costs of energy and food and their basic services increased by a lot more than their income," he said.

Energy prices have surged, especially after the Russia-Ukraine conflict, which cast a long shadow on the continent as no quick ending is seen, he said.

"Prices went up for almost everything," he said. "Despite inflation being smaller than it was, it is still a big issue. For people with less money, it is a huge deal."

This frustration is not only felt in the Czech Republic, but also across other European countries, as they have experienced a wave of protests, with citizens demanding concrete steps from the government to ease their economic burden.

In France, people protested against an increase in the retirement age. In Germany, striking transportation workers caused major disruptions at airports and bus and train stations.

The United Kingdom also witnessed pay disputes across sectors, with workers demanding higher wages. Strikes in schools, railways and hospitals have become more frequent, notably in the National Health Service, where health workers staged the largest strike in its 75-year history. The financial strain intensified as Birmingham and Nottingham declared bankruptcy in September and November, respectively.

Meanwhile, Africa suffers from high inflation, as highlighted in the IMF Regional Economic Outlook for Sub-Saharan Africa published in October, which said: "Inflation is still too high. Inflation at end 2023 is projected to stay in double digits in 14 countries."

In its Economic Outlook published in late November, the Organization for Economic Cooperation and Development said it expected the global economy to slow down slightly in 2024 as a result of the tightening of monetary policy, weaker trade and dipping consumer confidence.

It projected a global GDP growth of 2.9 percent in 2023, followed by a mild slowdown to 2.7 percent in 2024 and a slight improvement to 3 percent in 2025. Asia is expected to continue to account for the bulk of global growth in 2024-25, as it has done this year.

Observers noted a recent trend of de-globalization, spearheaded by the US, resulting in disruptions to global supply chains.

The US and its Western allies "have been the biggest beneficiaries "of world economic integration and globalization since the end of the Cold War, Wang from the Shanghai Academy of Social Sciences said.

However, since former US president Donald Trump assumed office in 2017, a shift toward anti-globalization policies has been evident, initiating trade and technology wars aimed at curbing the ascent of developing countries, Wang said.

"These policies, among others, failed to achieve the 'manufacturing reshoring' advocated by US policymakers, and have increased the operation costs for enterprises. This, in turn, burdens people across the globe, and poses a challenge to the world economic recovery after the pandemic."

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 六月丁香婷婷色狠狠久久 | 亚洲免费一级片 | 国产成人狂喷潮在线观看2345 | 日韩欧美在线观看一区 | 欧美日本免费观看αv片 | 国产91色综合久久免费 | 国产欧美日韩在线一区二区不卡 | 国产成人在线免费观看 | 亚洲国产欧美视频 | 99热久久国产综合精品久久国产 | 一本色道久久爱88av | 久青草国产97香蕉在线视频xx | 国产小网站| 国产一级毛片在线 | 亚洲第一se情网站 | 精品国产一区二区三区四区vr | 中文在线com | 精品国产理论在线观看不卡 | 手机看片国产精品 | 一级毛片不卡 | 免费看欧美日韩一区二区三区 | 日韩免费黄色片 | 国产理论视频 | 欧美成人影院在线观看三级 | 日韩久久中文字幕 | 国内一区 | 国产jk福利视频在线观看 | 台湾一级特黄精品大片 | 台湾精品视频在线观看 | 欧美成人看片黄a免费 | 亚洲国产三级 | 欧美成人免费一区在线播放 | 久久免费小视频 | 欧美一级毛片激情 | 99久女女精品视频在线观看 | 两性免费视频 | 在线欧美日韩精品一区二区 | 国产欧美久久久精品 | 欧美1314性欧美| 成年人在线视频网站 | 欧美精品三区 |