經(jīng)濟危機英語演講PPT

1、the financial crisis that also called financial storm, points that most financial index of a country or a few regions sharply deteriorate in the short run.the effects of financial crisis 1. overall decline in economic indicators. in the major developed countries, leading economic indicators, consume

2、r confidence index and entrepreneur expectation indicaton significantly lowered, meaning the future economy would experience a suffering decline. according to the statistics of the oecd, until october 2008, the lei of the us, the euro zone and japan had been lower than the previous for 15, 15 and 6

3、months, respectively.2.significantslowdownineconomicgrowth.basedonthedataanalysisof2009,thegrowthrateofworldeconomywas2.2%,1.5%lessthanthatofthepreviousyear,amongwhichthedevelopedcountriesdeclinedby1.7%andthedevelopingcountriesdeclinedby1.5%.3.significantdownturninglobaltradegrowth.thelessdemandcoup

4、ledwiththeriseoftradeprotectionismledtotheslowdownoftheglobaltradegrowth.in2009,theworldtradeincreasedby2.1%.2.5%lessthanthatof2008.(xiangyangli.20094.worldeconomyinfaceofgreatrisks.exceptforthefinancialcrisis,theworldeconomyconfrontedmanyrelativeuncertainties.internationalcapitalflowsandthechanging

5、directionofexchangeratecouldnotbeclearlyidentified.theshortageofliquidityisaninevitableresult;thatiswhatkeynescalledtheliquiditytrap.thepriceofoilwouldcomedownabitbutstillremainonarelativelyhighlevel.theshortterminflationriskdecreased,onthecontrary,insomemajorcountries,thedeflationmightappear.thefin

6、ancialcrisisforcedtheworldeconomytoadjustitsunbalancedsituation.inthosedevelopedcountries,atthestageofrecession,theincreasingofunemploymentwoulddefinitelypromotetheprotectionismmarket instabilitytherecentmarketinstabilitywascausedbymanyfactors,chiefamongthemadramaticchangeintheabilitytocreatenewline

7、sofcredit,whichdrieduptheflowofmoneyandslowedneweconomicgrowthandthebuyingandsellingofassets.thecausestherewereotherfactorsaswell,includingthecheapcreditwhichmadeittooeasyforpeopletobuyhousesormakeotherinvestmentsbasedonpurespeculation.cheapcreditcreatedmoremoneyinthesystemandpeoplewantedtospendthat

8、money.unfortunately,peoplewantedtobuythesamething,whichincreaseddemandandcausedinflation.the housing market declinedthehousingslumpsetoffachainreactioninoureconomy.individualsandinvestorscouldnolongerfliptheirhomesforaquickprofit,adjustableratesmortgagesadjustedskywardandmortgagesnolongerbecameaffor

9、dableformanyhomeowners,andthousandsofmortgagesdefaulted,leavinginvestorsandfinancialinstitutionsholdingthebag.thiscausedmassivelossesinmortgagebackedsecuritiesandmanybanksandinvestmentfirmsbeganbleedingmoney.thisalsocausedaglutofhomesonthemarketwhichdepressedhousingpricesandslowedthegrowthofnewhomeb

10、uilding,puttingthousandsofhomebuildersandlaborersoutofbusiness.depressedhousingpricescausedfurthercomplicationsasitmademanyhomesworthmuchlessthanthemortgagevalueandsomeownerschosetosimplywalkawayinsteadofpaytheirmortgage.the credit well dried upthesemassivelossescausedmanybankstotightentheirlendingr

11、equirements,butitwasalreadytoolateformanyofthemthedamagehadalreadybeendone.severalbanksandfinancialinstitutionsmergedwithotherinstitutionsorweresimplyboughtout.otherswereluckyenoughtoreceiveagovernmentbailoutandarestillfunctioning.theworstofthelotortheunluckyonescrashed.monetary crisisdebt crisisban

12、k crisis1 currency devaluation by a wide margin2 the greatly decline of total economic output and economic volume3 economic depression with mass enterprise bankruptcy 4 sharp increase of unemployment rate 5 even resulting in social unrestbecause of subprime mortgage crisis ,in the next two years, de

13、veloped country will make currency withdrawal for the stability of financial institutions. so there will be a new type of financial crisis. in this time, the biggest victims will be some emerging market countries that will also bring new opportunities and challenges to chinas economy.for china the mos