G8 summit sends signal to boost economic confidence

Zhenhua at the group of Eight (G8) summit on 8th, the main issue discussed by the leaders of the eight countries was how to move the world economy to recovery as soon as possible and to ensure the smooth continuation of the economic recovery.　　The leaders of the eight countries also signalled their efforts to boost confidence in the global economy. The Group of Eight Summit was held in the context of the international financial crisis, the worst Western economic crisis since the 30. When is the world economy on the road to recovery? How to promote the world economy to recover as soon as possible? Can the economic recovery begin smoothly and sustainably?　　These issues have recently been closely watched by the international community and by national leaders. Since the end of 2007, the U.S. economy "first" recession, the major Western economies have plunged into a severe recession. Last July, at the summit of the Japanese cave, the leaders of the major industrial countries estimated the severity of the World Economic outlook.　　While there are signs that the most difficult period of the western recession may be over, recent economic data are hard to provide enough evidence that the world economy has begun to recover. In a statement issued after the meeting, the heads of the eight countries also acknowledged that the current world economic and financial stability is still facing a "serious danger" and that further "help" measures are needed.　　That is why it is an important task for the Group of Eight summit to boost global economic confidence, stimulate consumer and corporate investment, and push the economy to a stable recovery as soon as possible. The first meeting of the leaders of the eight countries, the work luncheon, discussed the global economic issues and sent a positive signal. In a statement issued after the meeting, the leaders of the eight countries stressed that the various stimulus measures that have been taken will not stop until a stable recovery in the global economy emerges. Because Western economies have adopted a variety of fiscal and monetary policy measures to deal with the worst economic crisis in more than 70 years, including the introduction of unconventional monetary policies to substantially increase the supply of money, they are also facing long-term economic risks such as rising inflation and the rapid increase in fiscal deficits.　　In the face of growing criticism, the Group of Eight reiterated its firm commitment to the existing economic stimulus package, helping to strengthen confidence in the economic outlook. In a statement, the leaders pledged to keep financial markets in medium term and to prevent a recurrence of the current financial crisis.　　Italy's Prime Minister Silvio Berlusconi said before the summit that the Group of Eight Summit would become a summit to set rules for stabilizing financial markets, and he proposed stringent measures to regulate markets to prevent a recurrence of the financial crisis. The leaders of the eight countries also emphasized efforts to promote progress in the Doha round negotiations. In their statement, they said they were against all forms of protectionism and pledged to end the Doha round of trade talks quickly and reach a broad and balanced agreement. With the development of economic globalization, world trade growth plays a more and more important role in international economic activities, whereas the negative impact of global trade decline on economy is becoming more and more serious.　　Thus, a breakthrough in global trade negotiations is important for boosting global economic confidence and boosting economic and trade recovery. With thisAt the same time, it must be seen that, since the second half of last year, Western economies have been exhausted in response to the crisis, and there is little to be done to introduce new stimulus measures. As a result, the summit did not propose new economic stimulus measures.