English Section
Publicat de Ovidiu Stefanescu
30 Sep 2015 13:24
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Once the problems caused by the sovereign debt crisis in the euro area have eased lately (except in Greece, where reached yet an political-economical agreement), the situation relatively tense at continental level worsened by the emergence of several geopolitical risks, which will certainly impact the whole world. The so-called "refugee crisis" has dominated the policy-makers and the public attention in many EU member states, in the context in which the economic difficulties persist and the conflict situations in Eastern Europe are far from being resolved. All of this - along with many other macroeconomic unpredictable factors - are elements that can derail business plans of the main global corporations, sustainable growth-oriented, with the possibility to generate, again, drastic reduction of profitability for most multinational companies in the windows and doors field. According to Bloomberg - the global market leader of financial analysis - International Monetary Fund (IMF) has recently rectified the estimates of the global economic growth for this year (from 3.5%, as was projected in April, to 3.3%), due to a weak first quarter in the US and turmoil in China and Greece. The level is lower than the one in 2014 which stood at 3.4%, but the forecast for 2016 remained the same, indicating a jump of 3.8%. Citing various sources from the IMF, Bloomberg analysts have said that as China's economy and the euro area countries are major potential factors of risk. Moreover, to avoid slippages, expert advice of IMF is that the advanced economies to use monetary policy as flexible as possible, to bring inflation targets in the established limits and to increase the public spending (investments), especially in infrastructure. However, the need to implement some structural reforms is objective and is an emergency, in particularly for developing countries. Also, in the emerging economies, restricting the growth rate involves several basic factors, such as lower commodity prices, tougher external financial conditions, structural problems and geopolitical issues related to economic fluctuations.
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