經(jīng)合組織稱提升投資才能維持增長

Business investment rates in most large economies remain too low to keep the global economy powering forward for long, the Organisation for Economic Cooperation and Development warned on Tuesday.

經(jīng)合組織(OECD)周二警告稱，多數(shù)大型經(jīng)濟體的企業(yè)投資率仍然過低，無法維持全球經(jīng)濟長久增長。

In its latest Economic Outlook, the club of mostly rich nations said the momentum and high global growth rates would continue next year but fade in 2019 unless investment improved.

這個基本由富裕國家組成的組織在其最新的《經(jīng)濟展望》(Economic Outlook)中表示，全球經(jīng)濟明年將繼續(xù)保持增長勢頭和高增長率，但在2019年將走下坡路——除非投資情況有所改善。

Catherine Mann, chief economist, said: “Policy is currently stimulative but in the absence of structural reforms we won’t get the private sector investment to get the productivity improvements we need.”

首席經(jīng)濟學家凱瑟琳•曼(Catherine Mann)表示：“目前的經(jīng)濟政策是刺激性的，但不進行結構性改革，我們就不會看到實現(xiàn)必要生產(chǎn)率提高所需的私人部門投資。”

The organisation, which is tasked with improving economic performance, said the upturn is largely cyclical and has been spurred on by central banks’ efforts to lower the cost of borrowing and governments’ easing back on austerity.

承擔改善全球經(jīng)濟表現(xiàn)任務的經(jīng)合組織表示，這種好轉在很大程度上是周期性的，且一直受到如下兩個因素的推動：央行降低借貸成本，政府財政政策由緊縮轉向寬松。

This combination, Ms Mann said, had led to the strongest synchronised upturn since 2010, with all the 35 advanced economy countries that belong to the OECD growing and most of them enjoying an accelerating expansion.

曼表示，這兩個因素共同推動了全球經(jīng)濟實現(xiàn)2010年以來最強勁的同步好轉，經(jīng)合組織內35個先進經(jīng)濟體都在增長，其中大部分都在加速擴張。

“Countries should use this period of growth for policies to ensure the dynamism continues when fiscal and monetary policy stimulus is no longer active,” she said.

她說：“各國應利用這個增長時期推行一些政策，以確保不再有財政和貨幣政策刺激時，這種活力可以繼續(xù)下去。”

The OECD forecasts that the global economy will expand 3.6 per cent this year, rising to 3.7 per cent in 2018, just below the 2005-2014 average, but will ease back to 3.6 per cent in 2019. This “hump shape” of projected growth rates is expected to occur throughout the largest economies — China, the eurozone, the US and Japan — because business investment has only just climbed back to normal levels, when it would traditionally be far above average levels at similar points in previous cycles.

經(jīng)合組織預測今年全球經(jīng)濟增長率將為3.6%，到2018年將升至3.7%，略低于2005年至2014年的平均水平，但到2019年將回落到3.6%。這一“駝峰狀”預測增長率預計將出現(xiàn)在所有大型經(jīng)濟體——中國、歐元區(qū)、美國和日本——因為企業(yè)投資才僅回升至正常水平，而在此前周期中的類似時點，企業(yè)投資通常要遠高于平均水平。