Global Recovery, The Importance Of The New Partnership Highlights The Risks

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World Bank and International Monetary Fund (IMF), the imminent opening of the annual, World Bank President Robert Zoellick 19 that face the current global economic recovery in Europe and America debt crisis, debt crisis, emerging economies affected by the spillover effects of the impact of higher food prices and employment crisis and other challenges of these three risk livelihood point, he stressed that to address these risks without national policy makers to take coordinated action.

Europe and the risk of immediate debt crisis

Day of the World Bank conference call, the Xinhua News Agency correspondent in answer Zoellick question, said that in April of this year the World Bank and IMF spring meetings, when compared to the current global economy in his eyes the most pressing challenge is how to properly deal with the euro area sovereign to stabilize the debt crisis of market confidence.

Zoellick noted that since the debt crisis in Europe and America is not in addition to the risk warnings, the current global economic recovery process becomes even more fragile than the spring of this year; the euro area ...
... not only to deal with the current short-term liquidity problems, but also to address long-term challenge of economic fundamentals, including the resolution of sovereign debt crisis, the banking industry to enhance the anti-risk ability and resolve some of the economic competitiveness of euro area member states lack the structural problem.

Zoellick recently stressed that the current world economy has entered a new danger zone, around the world should become a "responsible stakeholder", but can not expect to solve the problem of foreign debt in Europe and America the "cure", European countries should first be responsible reduce the domestic debt risk, and can not avoid the hard choices to resolve the debt crisis.

Emerging economies need to take precautions

World Bank Chief Economist and Senior Vice President of Xinhua News Agency recently said in an interview with Justin Lin, said the current global economic performance of the major challenges for the developed countries debt crisis caused by the global financial market volatility. And earlier this year and last year is different is that the developing countries previously less affected by the impact now, especially in the stock market.
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