经济危机英语演讲PPT

FinancialcrisisWhat‘sthefinancialcrisis?TheFinancialCrisisthatalsocalledFinancialstorm,pointsthatmostFinancialindexofacountryorafewregionssharplydeteriorateintheshortrun.Theeffectsoffinancialcrisis1. Overall decline in economic indicators. In the major developed countries, Leading Economic Indicators, Consumer Confidenceindex and Entrepreneur Expectation indicatonsignificantly 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 months, respectively.2.Significant slowdown in economic growth. Based on the data analysis of 2009, the growth rate of world economy was 2.2%, 1.5% less than that of the previous year, among which the developed countries declined by 1.7% and the developing countries declined by 1.5%.3. Significant downturn in global trade growth. The less demand coupled with the rise of trade protectionism led to the slowdown of the global trade growth. In 2009, the world trade increased by 2.1%. 2.5% less than that of 2008. (Xiangyang Li.20094. World economy in face of great risks. Except for the financial crisis, the world economy confronted many relative uncertainties. International capital flows and the changing direction of exchange rate could not be clearly identified. The shortage of liquidity is an inevitable result; that is what Keynes called the liquidity trap. The price of oil would come down a bit but still remain on a relatively high level. The shortterm inflation risk decreased, on the contrary, in some major countries, the deflation might appear. The financial crisis forced the world economy to adjust its unbalanced situation. In those developed countries, at the stage of recession, the increasing of unemployment would definitely promote the protectionismMarketinstabilityTherecentmarketinstabilitywascausedbymanyfactors,chiefamongthemadramaticchangeintheabilitytocreatenewlinesofcredit,whichdrieduptheflowofmoneyandslowedneweconomicgrowthandthebuyingandsellingofassets.ThecausesTherewereotherfactorsaswell,includingthecheapcreditwhichmadeittooeasyforpeopletobuyhousesormakeotherinvestmentsbasedonpurespeculation.Cheapcreditcreatedmoremoneyinthesystemandpeoplewantedtospendthatmoney.Unfortunately,peoplewantedtobuythesamething,whichincreaseddemandandcausedinflation.ThehousingmarketdeclinedThehousingslumpsetoffachainreactioninoureconomy.Individualsandinvestorscouldnolongerfliptheirhomesforaquickprofit,adjustableratesmortgagesadjustedskywardandmortgagesnolongerbecameaffordableformanyhomeowners,andthousandsofmortgagesdefaulted,leavinginvestorsandfinancialinstitutionsholdingthebag.Thiscausedmassivelossesinmortgagebackedsecuritiesandmanybanksandinvestmentfirmsbeganbleedingmoney.Thisalsocausedaglutofhomesonthemarketwhichdepressedhousingpricesandslowedthegrowthofnewhomebuilding,puttingthousandsofhomebuildersandlaborersoutofbusiness.Depressedhousingpricescausedfurthercomplicationsasitmademanyhomesworthmuchlessthanthemortgagevalueandsomeownerschosetosimplywalkawayinsteadofpaytheirmortgage.