Latest News:  
Beijing   Cloudy    11 / 2 ℃  City Forecast


Global economy to continue "divergent" performance in 2013: IIF

By Jiang Xufeng (Xinhua)

08:37, December 06, 2012

WASHINGTON, Dec. 5 (Xinhua) -- Developed and developing countries may continue to stage divergent economic performance next year, and global policymakers need to clear things up without creating new problems so as to avert another round of financial crisis from emerging in coming years, said Philip Suttle, Chief Economist of the Institute of International Finance (IIF).


"The global economy is performing really badly given three years of massive monetary stimulus moves from central banks," Suttle told Xinhua in a recent interview.

Three years after the huge amount of liquidity injected by central banks of developed countries into the economic system, the global economy should be booming. But the world is now struggling to stay out of recession, observed Suttle, Deputy Managing Director of the Washington-based IIF, a leading global financial association representing more than 450 member agencies around the world.

The global economy has registered "divergent" performance this year as most of the disappointments came from advanced economies including the eurozone, the United States and Japan, while emerging markets including China have done much better despite some economic slowdown signs, he added.

【1】 【2】 【3】

Recommended Features:
Vibrant Opportunities amid Transition From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance
The Vision of A Pillar Industry [Video]A 'Made in China' Story A Splendorous Landscape of China's Wealth
A Decade of Fastest Development Eastern Boom Lightens Western Gloom Chinese firms 'potential Trojan horses'?


Leave your comment0 comments

  1. Name


Selections for you

  1. PLA shooters win gold medal in Championship

  2. PLA conducts confrontation training

  3. Great beauty in silence(II)

  4. Challenges remain for smoking ban

  5. Porsche 911 Carrera 4S shines

  6. E-commerce, a bright spot in China

  7. 8 must-eat foods for pregnancy

  8. Tree houses around the world

Most Popular


  1. Economy stabilizing, but facing severe challenges
  2. Aircraft Carrier Style mirrors a great power
  3. Prejudice dents enterprises' overseas expansion
  4. Innovation key to economy growth model in China
  5. China's culture once influenced the world
  6. Say no to ugliness appreciation
  7. Promoting old-time inclusive TCM
  8. Bigger global role for RMB in 2013
  9. Income doubling goal needs strategy
  10. Victims of sexually explicit photographs

What’s happening in China

Int'l Volunteer Day marked in China

  1. Blizzard cuts power supply in Dongfanghong
  2. Behind every corrupt man
  3. Man failed blackmail bid with explosive device
  4. Typhoon Bopha to bring gales to South China Sea
  5. Rare sheep gives birth to twins in N China