WASHINGTON Cheap Mike Napoli Jersey , April 7 (Xinhua) -- The potential economic growth across major advanced and emerging market economies has declined in recent years and is unlikely to bounce back to pre-crisis level over the next five years, according to a by the International Monetary Fund (IMF) on Tuesday.
Unlike previous crises, the global financial crisis in 2008 has been associated not only with a reduction in the level of the global potential output, but also with a persistent reduction in its growth rate.
Potential growth gauges how fast economies can grow over time without inflationary or deflationary pressure. The study, part of the IMF's twice-yearly World Economic Outlook, could provide theoretical support for discussions on how to boost growth when the world's economic policymakers gather in Washington next week for the IMF and World Bank's spring meetings.
study released
The study found that the potential growth in advanced economies is expected to increase from about 1.3 percent during 2008-2014 to 1.6 percent during 2015-2020, but well below the pre-crisis level of an average 2.25 percent rise during 2001-2007.
In emerging market economies, their potential growth is expected to decline from 6.5 percent during 2008-2014 to 5.2 percent during 2015-2020 Cheap Omar Vizquel Jersey , due to aging populations, weaker investment, and lower productivity growth as technological gaps between these economies and advanced economies get narrower.
With China rebalancing its economy from investment-driven to consumption-led growth pattern, the country will also see its potential growth fall over the next five years.
The IMF suggested advanced economies should boost their demand, push forward structural reforms and enhance support for research and development, while the emerging economies need to increase infrastructure spending and carry out structural reforms that are aimed at improving business conditions and product markets and fostering human capital accumulation.
BEIJING, April 25 (Xinhua) -- An 8.1-magnitude earthquake struck central Nepal on Saturday, with strong tremors felt across the country and parts of India and Bangladesh. The disaster has killed more than 700 people so far.
The magnitude was measured by the China Earthquake Networks Center. And the U.S. Geological Survey put the quake at 7.7 magnitude.
A series of strong and massive earthquakes have hit countries across the globe in recent years. The following is a list of some strong and major ones since 2010:
On Jan. 12 Cheap Roberto Perez Jersey , 2010, a 7.3-magnitude earthquake shook Haiti, causing some 270,000 deaths and 1,000,000 homeless. Many buildings including the headquarters of the UN mission in Haiti collapsed in the earthquake. Damage and losses were estimated at about 7 billion U.S. dollars or more than 120 percent of Haiti's 2009 gross domestic product.
On Feb. 27, 2010, a powerful earthquake measuring 8.8 magnitude on the Richter scale struck southern Chile Cheap Trevor Bauer Jersey , triggering tsunamis as well as communications and power breakup in the region. The disaster killed at least 526 people and caused an estimated 30 billion dollars worth of damage to infrastructure, houses and industry.
On April 14, 2010, a 7.1-magnitude earthquake killed 2,698 people and left 270 missing in western China's Qinghai Province. The provincial government earmarked 2.363 billion yuan (346 million dollars) as quake relief funds to the quake-hit regions.
On Feb. 22, 2011, a 6.3-magnitude earthquake hit New Zealand's Christchurch, killing 185 people and leaving more than 100 missing.
On March 11 Cheap Carlos Santana Jersey , 2011, a 9.0-magnitude earthquake struck the Pacific coastal areas of northeastern and eastern Japan, triggering an enormous tsunami. The disaster killed more than 15,000 people and it quickly escalated into the worst civilian nuclear crisis ever to happen, with twice the amount of radioactive materials being released into the environment than the Chernobyl disaster in 1986.
On March 24, 2011, a 7.0-magnitude quake in Myanmar's northeastern Shan state led to the death of at least 60 people and injured 90 others. The quake, with an epicenter only 10 km deep and in Myanmar's hills Cheap Cody Allen Jersey , struck along Myanmar's borders with Thailand and Laos.
On Oct. 23, 2011, a 7.2-magnitude earthquake hit southeastern Turkey, killing at least 570 people and injuring 2,300. The strong earthquake led to the collapse of about 80 multi-story buildings in Ercis, a town of 75, 000 people close to the Iranian border.
On Oct. 25, 2011 Cheap Abraham Almonte Jersey , a tsunami triggered by a 7.2-magnitude earthquake in western Sumatra, Indonesia, killed at least 113 people, with 502 people missing.
On Feb. 2, 2012, an earthquake measuring 6.2 on the Richter scale jolted Negros-Cebu region in central Philippines, killing at least 44 people. About 30 people died due to the landslide triggered by the quake.
On Sept. 7, 2012 Cheap Danny Salazar Jersey , 67 people were killed and 731 others injured after multiple earthquakes struck a mountainous region in southwest China. Two quakes measuring 5.7 and 5.6 on the Richter scale hit a border area near Yiliang in Yunnan and Weining county in Guizhou province. A total of 740,000 people were affected by the quakes, with a direct economic loss of 3.5 billion yuan (551 million dollars).
On Nov. 7, 2012, a 7.4-magnitude earthquake rocked the Pacific coast of Guatemala, killing at least 48 people and injuring 155 others. The earthquake mainly impacted the province of San Marcos and the neighboring Quetzaltenango province.
On April 16, 2013, a 7.9-magnitude earthquake hit parts of southern and southwest Pakistan Cheap Tyler Naquin Jersey , killing at least 40 people and injuring over 300 others. The earthquake's epicenter was located on the Pakistan-Iran border at the depth of 76 km.
On April 20, 2013, a 7.0-magnitude earthquake hit Lushan County, Ya'an City of southwest China's Sichuan Province, leaving at least 188 people dead and 11,950 injured. Lushan is about 200 km You锟絭e packed . Cheap Jerseys Free Shipping Cheap NFL Jerseys Cheap NBA Jerseys From China Cheap Wholesale College Jerseys Cheap Adidas NHL Jerseys Wholesale Jerseys China Wholesale Jerseys From China Wholesale Jerseys China Cheap Basketball Jerseys China Cheap Custom Sports Jerseys