China Logistics and Procurement Federation announced on Thursday (April 6) that the global manufacturing procurement manager index (PMI) in March was less than 50%in six consecutive months, showing that the global economic recovery momentum was still insufficient.
According to the official website of the China Logistics and Procurement Federation, the global manufacturing PMI was 49.1%in March 2023, a decrease of 0.8 percentage points from the previous month.Besium below 50%.The first quarter of the global manufacturing industry PMI was 49.4%, an increase of 0.5 percentage points from the fourth quarter of last year, showing that the global manufacturing recovery trend is slightly better than the fourth quarter of last year, but the index level has not exceeded 50%.The decline in the month means that the global economic recovery is still insufficient.
In terms of divided regions, the Asian manufacturing industry trends steadily and rising, becoming the main driving force of the global economic recovery.%, An increase of 1.8 percentage points from the fourth quarter of last year.It maintains weakness in Europe and is slightly better than the fourth quarter of last year.In the first quarter, the average PMI value of the European manufacturing industry was 48.7%, an increase of 1 percentage point from the fourth quarter of last year.The rapid decline in the Americas and Africa manufacturing is the main influencing factor for the weakening of global economy.The first quarter of the American and African manufacturing industries was 47.6%and 47.8%, respectively, decreased by 1.5 and 3.2 percentage points from the fourth quarter of last year.
According to China CCTV News, Xu Hongcai, deputy director of the Economic Policy Committee of the China Policy Science Research Association, said that overall, the world economy is still recovering, but the recovery momentum is relatively weak, and there are twists and turns in the short term.The best performance is China.In March, the China Manufacturing Purchasing Manager Index was 51.9%.In the future, China's economy will play a key role in the world economy recovery.Judging from the recent performance, it has rebounded significantly. The quarterly quarterly survey data released by the People's Bank of China, including bankers and entrepreneurs, have increased significantly in the future macroeconomic expectations.
Experts say that the current global economic recovery is mainly facing the problem of inflation pressure, geopolitical conflict, and the problem of interest rate hikes in the United States. The European and American banking crisis has increased the uncertainty of the global economic recovery.
The UN Trade Conference is expected to be global trade or stagnation in the first half of 2023.The latest report of the World Bank believes that if countermeasures are not taken, the average global economic growth rate from the current to 2030 will be at a low level of 2.2%, which is one -third lower than from 2000 to 2010.
Xu Hongcai said that the world economy must step out of the current dilemma from the whole. In addition to alleviating inflation pressure, it is also important to prevent and control financial risks. More importantly, it is necessary to adjust the economic structure and strengthen the coordination of macroeconomic policies.In particular, we must strengthen the cooperation of international economy. Only in this way can we get out of the predicament.
