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15th Steel Development Strategy Conference, host by
SteelHome, was successfully held in International Convention Center
during April 12-14, 2019. Around 1000 delegates from governments,
associations, steel mills, miners, traders, research institutes attended
the one of biggest events in China steel industry.
8th International Raw Materials Supply Chain Summit, 9th Coal
& Coke Development Strategy Conference, 7h China Commodities E-Commerce
Summit and 2019 SteelHome Spring Report were simultaneously held.
Bi Jiyao, Associate Dean with China Macroeconomic Research Institute,
delivered the report entitled Outlook of World Economic Situation in
2019 at the morning meeting on April 13.
Bi Jiyao, Associate Dean with China Macroeconomic Research Institute
Major economies are under more or less pressure of economic downturn in
2019: Developed countries began to revise their monetary policies and
the financial turmoil has occurred in some emerging economies. The world
economy is in a cyclical peaking and falling, thus downside risks are
increasing.
Since the beginning of this year, authoritative institutions such as the
International Monetary Fund, the World Bank and the OECD have lowered
their expectations of world economic growth for this year and next.
Judging from the current situation, the Sino-US economic and trade
negotiations, the postponement of Britain's exit from Europe, the risk
of American economic recession, and the monetary policy shift of the
Federal Reserve will all have a great impact on the world economic trend
and financial market stability this year.
The world economy are facing three risks: the trade frictions created by
the United States pose great risks to the stable growth of the world
economy; the shift of the Federal Reserve's monetary policy may lead to
new financial risks; and the frequent occurrence of geopolitical
conflicts and the big powers' game will bring many uncertain effects to
the world economy. |
