Economist confidence index stays at record high

15:51, April 27, 2010      

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Results from the "Survey on the Confidence of 100 Economists on the First Quarter of 2010" show that the confidence index of economists has remained at a record high for three consecutive quarters. For the first time, they are confident and optimistic about both the current and future economic situation.

The survey was conducted by the National Bureau of Statistics and the China Economic Monitoring Center, and the economists predicted that China's economy will maintain rapid development but an overheated economic situation will not appear in 2010.

Regarding the global economic situation, over 60 percent of the economists believe that the financial crisis is ending, and the possibility of a global double-dip recession is tiny. However, trade protectionism will become more severe in 2010, and the global economy might fluctuate. The rising trend of international energy resource prices will also cause uncertainty in the global economic recovery.

By People's Daily Online


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