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全球金融深层次结构性难题进一步凸显全球经济整体缓慢回升,但不平衡性复苏导致全球金融表现出现分化2013年上半年以来,全球经济增长版图呈现“北升南降”格局,国际金融市场因此也出现“北强南弱”局面。发达经济体经济复苏内生动力普遍增强,随着股市上涨和房地产复苏,家庭部门的资产负债表改善加速,财富效应和资产型储蓄上升能持续地提振消费的恢复,欧债危机缓解,在欧元区核心国复苏带动下逐步摆脱衰退,呈现缓慢复苏迹象。然而,新兴经济体却集体陷入“调整期”。根据IMF的最新数据,2013年以
Deep-seated structural challenges in global financial markets further underscored the slow recovery of the global economy as a whole, but the uneven recovery led to the global financial performance divergence. Since the first half of 2013, the global economic growth has shown a pattern of “North-South-downs” and international financial markets Therefore, there are also “strong northern weak” situation. In the developed economies, the endogenous momentum of economic recovery generally increased. As the stock market rose and real estate recovers, the improvement in the balance sheets of the home sector accelerated. The wealth effect and the rise in asset-based savings continued to boost the recovery of consumption. The debt crisis eased in Europe. Driven by the recovery of the core countries in the euro zone, they gradually escaped the recession and showed signs of slow recovery. However, emerging economies are collectively trapped in “adjustment period ”. According to the latest IMF data,