国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Europe

Jobs needed for recovery

China Daily | Updated: 2011-01-28 08:05
Share
Share - WeChat

The uneven but strong global recovery that the International Monetary Fund (IMF) has predicted for 2011 is cause for optimism.

But sluggish job creation is demanding greater urgency from the international community to press ahead with reforms crucial to sustainable and inclusive growth around the globe.

Buoyed by a speeded global recovery in 2010, the IMF said the global economy would likely expand 4.4 percent this year, a touch higher than the 4.2 percent it forecast about three months ago.

Such an upward revision will surely give the international community a much needed shot in the arm. Three years after the worst global financial crisis in more than seven decades pushed the world economy to the verge of collapse, growth has seemingly returned to most economies, though at different paces.

Advanced economies are expected to expand by more than 2 percent, weak by historical standards but stronger than most of their people will feel.

Meanwhile, growth in emerging and developing economies is expected to have grown by about 6 percent in 2010, following a modest 2 percent in 2009. Now, these economies are projected to grow even faster thanks to stronger economic frameworks and swift policy responses.

This gap between the growth of the advanced economies and the emerging markets has highlighted the unevenness of the current global recovery, giving rise to worries that the global imbalance may not be reduced any time soon.

However, a looming challenge that the world must face squarely, which is far more serious than the difference in growth trends, is the shocking divergence between world growth and job creation.

Against the stronger-than-expected recovery of the world economy, the International Labor Office (ILO) warned that global unemployment has stayed at record highs for the third straight year since the start of the economic crisis, and the weak recovery in jobs is likely to continue in 2011, especially in developed economies.

While global GDP, private consumption, investment, and international trade and equity markets have all recovered in 2010, surpassing pre-crisis levels, the tremendous human costs of the recession have made it more urgent than ever for the international community to carefully rethink and reprioritize policy responses to the global crisis.

The IMF has already pointed out that a 2-percent growth for the advanced economies will not be sufficient to make a dent in their high unemployment rates.

For developing and emerging countries, they are also yet to translate fast economic growth into a steady source of new and decent jobs for their huge populations.

A jobless recovery cannot last long. If the extraordinary amount of policy stimulus adopted to prompt a global rebound cannot deliver inclusive growth to improve the quality of life for more people, the sluggish growth of household consumption will sooner or later stop the expansion of world output.

To achieve a lasting global recovery, policymakers must take immediate actions to ensure job creation be a part, not a price, of economic growth.

 

Today's Top News

Editor's picks

Most Viewed

Top
BACK TO THE TOP
English
Copyright 1994 - . 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
云和县| 浑源县| 石嘴山市| 托里县| 麦盖提县| 志丹县| 宝兴县| 宜阳县| 友谊县| 新和县| 东兴市| 交口县| 阿坝县| 鄂伦春自治旗| 嫩江县| 庄浪县| 建瓯市| 玛曲县| 浦城县| 盈江县| 金湖县| 荣昌县| 鸡泽县| 丰顺县| 桃园市| 砀山县| 南川市| 巴里| 苏尼特左旗| 民乐县| 介休市| 潍坊市| 平武县| 读书| 七台河市| 凤凰县| 镇安县| 买车| 阿拉善左旗| 诏安县| 新邵县|