(Bloomberg, Washington) David Malpass, President of the World Bank, said that in the current international economic slowdown, China is unwilling to provide more stimulating measures, which has brought the United States support for international growth.More pressure.
Bloomberg News reported on Tuesday (September 20) that Malpas said in an interview that China would reduce interest rates and increase government expenditure during the previous global downside cycle, "they did less this time."
Malpas said that China is less active this time to stimulate the economy, which may be good for the Chinese economy, and it is also good in the long run, but this means that the world's second largest economy has not stepped forward and brought to the United States.Come to a greater burden.
The World Bank warned last week that the tightening wave of radical policies may cause the global economy next year to decline.Many central banks are expected to increase interest rates this week, resulting in a total of more than five percentage points in interest rate hikes.
The World Bank estimates that global GDP growth in 2023 will slow to 0.5%, and it will shrink by 0.4%according to per capita calculations, which will meet the technical definition of economic recession.
