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Global manufacturing industry maintains a stable recovery trend. IMF: Global economic growth is expected to grow by 5.5% this year.

Global manufacturing industry maintains a stable recovery trend. IMF: Global economic growth is expected to grow by 5.5% this year.

The China Federation of Logistics and Purchasing today (6th) released the Global Manufacturing Purchasing Managers Index for January.

The index fell slightly from the previous month, and the growth rate of global manufacturing industry slowed down from the previous month, but it still maintained a recovery trend and the overall operation was relatively stable.

In January, the Global Manufacturing Purchasing Managers Index was 54.4%, down 0.8 percentage points from the previous month, but remained above 50% for seven consecutive months.

In the subregion, the manufacturing purchasing managers index in Asia, Europe and the Americas has declined to varying degrees from the previous month, while the manufacturing purchasing managers index in Africa rose slightly from the previous month.

Assistant President of China Federation of Logistics and Purchasing He Hui: Although the global manufacturing purchasing manager index fell in January, it remained at a high of more than 54%, reflecting the recovery of global manufacturing since the fourth quarter of last year. Global manufacturing industry has continued to maintain recovery growth this year and has a good foundation.

Experts say that the market generally expects the global economy to show recovery growth in 2021. The International Monetary Fund expects global economic growth to grow by 5.5% in 2021, up 0.3 percentage points from last October forecast. 

The widespread promotion of vaccines and the continuous promotion of stimulus policies in various countries are the basic conditions for the sustained recovery of the global economy in 2021. 

At the same time, countries should continue to strengthen multilateral cooperation on the global scale and work together to enhance the resilience of global economic development.

Experts warn that the continuous easing policy environment also brings hidden dangers to global development.

The asset price bubble caused by excessively high commodity prices and the ballooning global debt are two potential risks affecting the global economic recovery.

Xu Hongcai, deputy director of the Economic Policy Committee of the China Policy Science Research Association: With the widespread use of vaccines in various countries to control the epidemic, the world economy may have a synchronized resonance recovery. However, there are also many potential risks, so the macroeconomic policies of major economies need to be coordinated to minimize this negative spillover effect. In the process of world economic recovery, China will continue to play a major role as a major engine.

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