TEL: (+86) 0519-89883019

Email: czfoan@163.com



EUROPEAN CENTRAL BANK RELEASES REPORT: TRADE GROWTH EXPECTED TO BE WEAKER THAN GLOBAL ECONOMIC GROWTH

FRANKFURT, AUGUST 5TH (XINHUA) -- THE EUROPEAN CENTRAL BANK RELEASED A REPORT ON AUGUST 5TH STATING THAT ALTHOUGH THERE HAVE BEEN SOME SIGNS OF RECOVERY IN GLOBAL TRADE RECENTLY, IT IS EXPECTED TO CONTINUE TO BE WEAK IN THE COMING QUARTERS, AND TRADE GROWTH WILL BE WEAKER THAN GLOBAL ECONOMIC GROWTH.THIS REPORT SUGGESTS THAT ALTHOUGH THERE ARE INDICATORS SHOWING A SHORT-TERM RECOVERY IN GLOBAL TRADE, CONSIDERING THE WEAK INVESTMENT PROSPECTS IN MANY ECONOMIES, GLOBAL TRADE GROWTH WILL BE VERY SLOW. AT THE SAME TIME, DUE TO THE INCREASE IN TARIFFS, THE DOWNWARD RISKS THAT HAVE AFFECTED THE GLOBAL TRADE OUTLOOK IN RECENT MONTHS HAVE PARTIALLY BECOME A REALITY, AND THE THREAT OF FURTHER ESCALATION OF TRADE TENSIONS STILL EXISTS.THE REPORT SHOWS THAT IN RECENT QUARTERS, THE GLOBAL ECONOMIC WEAKNESS HAS MAINLY BEEN REFLECTED IN THE INDUSTRIAL SECTOR, WITH THE ELECTRONICS AND AUTOMOTIVE INDUSTRIES BEING PARTICULARLY PROMINENT. THIS IS NOT ONLY RELATED TO A SIGNIFICANT DECLINE IN TRADE VOLUME, BUT ALSO REFLECTS MID-TERM STRUCTURAL CHANGES, INCLUDING INCREASINGLY SEVERE ENVIRONMENTAL ISSUES THAT POSE CHALLENGES TO THESE INDUSTRIES.RESEARCH BY THE EUROPEAN CENTRAL BANK SHOWS THAT DUE TO MANUFACTURING PRODUCTS ACCOUNTING FOR OVER 50% OF GLOBAL IMPORTS BUT ONLY 20% OF THE WORLD ECONOMY, A SHARP SLOWDOWN IN MANUFACTURING OUTPUT HAS A MORE SIGNIFICANT IMPACT ON GLOBAL TRADE THAN ON THE GLOBAL ECONOMY.