Years after the global financial crisis that broke out in 2007–2008, the world economy

is still afflicted by tepid economic growth and, for many people, stagnating incomes.

The United States has more or less returned to full employment, but it is growing more

slowly than it did before the crisis. Nonetheless, it has been relatively fortunate. Europe’s

common currency project faces continuing strains and the European Union is itself

under stress, given Britain’s June 2016 vote to withdraw and a surge in anti-immigration

sentiment. Japan continues to face deflation pressures and a sky-high level of public

debt. Emerging markets, despite impressive income gains in many cases, remain vulnerable to the ebb and flow of global capital and the ups and downs of world commodity

prices. Uncertainty weighs on investment globally, driven not least by worries about the

future of the liberal international trade regime built up so painstakingly after World

2007-2008年全球金融危机爆发多年后，世界经济

经济增长不温不火，对许多人来说，收入停滞不前。

美国已经或多或少地恢复了充分就业，但正在增长

比危机前要慢。尽管如此，它还是相对幸运的。欧洲的

共同货币项目面临着持续的压力，而欧盟本身就是如此

压力之下，考虑到英国2016年6月的撤军投票和反移民人数激增

情绪。日本继续面临通货紧缩的压力和极高的公众水平

债务。尽管在许多情况下，新兴市场的收入增长令人印象深刻，但它们仍然容易受到全球资本涨跌和世界大宗商品涨跌的影响

价格。不确定性给全球投资带来压力，主要是由于对

自由主义国际贸易体制的未来是如此艰难地建立起来的