股市泡沫破灭后的世界经济

世界经济在2001年经历了IT产业泡沫破灭带来的衰退后,2002年又遭受了全球股价大幅度下跌的冲击。股市泡沫的破灭是20世纪80年代以来金融创新所导致的虚拟经济过度繁荣的结果,它使世界经济衰退除了受到供给与需求失衡的因素影响外,还受到企业和居民户为摆脱债务负担而减少支出的影响。股市泡沫破灭加剧了全球通货紧缩的程度。受这些因素的影响,世界经济的全面复苏要推迟到2003年年中以后。

World Economy after the Bursting of Asset Bubbles

Following the recession caused by the bursting of the IT bubblesin 2001, the world economy had experienced the shock of the share prices slump in the global stock markets in 2002. The bursting of the asset bubbles is the necessary results of the virtual economy's over-booming as a result of the financial innovation in the 1980s. Hence, the recession of the world economy is not only the result of imbalance between supply and demand, but also the shrinking ofspending from firms and residents owing to the over-debt as well. The bursting of the asset bubbles had exacerbated the degree of deflation globaly. As result the as reasons, full recovery of the world economy would not come until the mid 2003.