锟斤拷前锟斤拷锟叫囷拷锟統锟斤拷锟叫撅拷院锟节憋拷锟斤拷锟絣(f锟斤拷)锟斤拷锟侥★拷2019锟斤拷锟侥硷拷锟饺斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟斤拷展锟斤拷锟斤拷妗凤拷锟斤拷潞锟斤拷Q锟斤拷锟斤拷妗凤拷锟斤拷Q锟斤拷2019锟斤拷锟斤拷锟斤拷锟斤拷全锟斤拷锟絈(m锟斤拷o)锟斤拷摩锟斤拷锟接勶拷锟斤拷锟斤拷锟斤拷I(y锟斤拷)锟斤拷锟絘(ch锟斤拷n)锟酵囷拷锟紿投锟結锟斤拷锟秸縮锟紹(t锟斤拷i)锟捷ｏ拷锟教業(y锟斤拷)锟斤拷锟斤拷锟杰碉拷?j锟斤拷ng)_锟斤拷锟斤拷全锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟脚撅拷趨锟捷革拷锟斤拷锟斤拷锟紷锟斤拷锟斤拷锟斤拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟劫伙拷锟戒，锟絎锟睫斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟秸憋拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟斤拷锟斤拷锟皆ｏ拷锟斤拷锟絛锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟絯锟斤拷锟叫夛拷锟斤拷锟接达拷

锟斤拷锟斤拷2019锟斤拷锟斤拷锟斤拷锟斤拷锟皆侊拷锟斤拷锟斤拷要锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟絯锟斤拷锟絃锟脚撅拷锟斤拷全锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟斤拷趨锟斤拷锟組(j锟斤拷n)一锟斤拷锟矫碉拷锟絖锟絁(r锟斤拷n)锟斤拷IMF锟斤拷锟斤拷锟斤拷锟統锟叫★拷OECD锟饺囷拷锟紿锟組锟斤拷锟斤拷锟斤拷锟絳(di锟斤拷o)锟斤拷锟斤拷全锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟絃锟紸(y锟斤拷)锟节★拷锟絈(m锟斤拷o)锟阶凤拷锟芥，全锟斤拷锟絈(m锟斤拷o)锟斤拷摩锟斤拷锟斤拷锟絤(x锟斤拷)锟斤拷锟絈(m锟斤拷o)锟斤拷锟斤拷锟劫放撅拷锟斤拷锟斤拷锟絤锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟竭凤拷锟斤拷锟斤拷(CPB)锟侥旓拷(sh锟斤拷)锟斤拷(j锟斤拷)锟紷示锟斤拷全锟斤拷锟絈(m锟斤拷o)锟斤拷锟斤拷锟节斤拷锟斤拷前锟缴傦拷锟斤拷锟饺分別锟铰斤拷0.3%锟斤拷0.7%锟斤拷锟斤拷锟斤拷锟斤拷WTO全锟斤拷锟絈(m锟斤拷o)锟阶撅拷锟斤拷指锟斤拷(sh锟斤拷)锟斤拷95.7锟斤拷锟斤拷锟较硷拷锟斤拷锟铰斤拷0.6锟斤拷锟斤拷锟斤拷全锟斤拷锟絈(m锟斤拷o)锟斤拷锟斤拷锟絃锟紹锟絤(x锟斤拷)锟侥傦拷锟斤拷锟饺碉拷锟斤拷趨锟斤拷水平锟斤拷锟斤拷锟絘(ch锟斤拷n)锟斤拷锟芥，8锟斤拷摩锟斤拷锟斤拷通全锟斤拷锟斤拷锟斤拷I(y锟斤拷)PMI锟斤拷49.5锟斤拷锟斤拷锟斤拷锟斤拷訂锟斤拷指锟斤拷(sh锟斤拷)锟酵就業(y锟斤拷)指锟斤拷(sh锟斤拷)锟斤拷锟紹锟絤(x锟斤拷)锟侥傦拷锟斤拷位锟节榮锟捷撅拷锟斤拷锟铰ｏ拷锟斤拷锟斤拷全锟斤拷锟斤拷锟斤拷I(y锟斤拷)锟斤拷锟絘(ch锟斤拷n)锟绞現(xi锟斤拷n)锟秸縮锟紹(t锟斤拷i)锟捷★拷锟饺岋拷(d锟斤拷o)指锟斤拷(sh锟斤拷)锟斤拷锟芥，OECD锟紺锟斤拷锟絀(l锟斤拷ng)锟斤拷指锟斤拷(bi锟斤拷o)锟斤拷锟紹锟絤(x锟斤拷)19锟斤拷锟铰放撅拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷危锟紺(j锟斤拷)锟皆侊拷锟斤拷锟剿斤拷锟斤拷虡I(y锟斤拷)锟斤拷锟斤拷指锟斤拷(sh锟斤拷)也锟紹锟絤(x锟斤拷)12锟斤拷锟铰放撅拷锟斤拷锟斤拷7锟斤拷锟斤拷锟酵★拷锟斤拷锟斤拷锟斤拷計锟斤拷2019锟斤拷锟斤拷锟斤拷锟斤拷全锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟絃锟絟(hu锟斤拷n)锟斤拷锟斤拷锟斤拷锟绞烇拷2.5%锟斤拷锟斤拷锟较硷拷锟斤拷锟铰斤拷0.1锟斤拷锟劫凤拷锟絚(di锟斤拷n)锟斤拷

锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟劫伙拷锟斤拷

锟斤拷锟斤拷一锟斤拷锟饺ｏ拷锟节冿拷锟斤拷锟节猴拷锟紻(zhu锟斤拷n)锟酵达拷貨投锟結锟饺曪拷锟絩锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟铰ｏ拷锟斤拷锟斤拷锟斤拷锟紿GDP锟斤拷锟絃锟絟(hu锟斤拷n)锟斤拷锟斤拷锟斤拷锟斤拷锟絖(d锟斤拷)3.1%锟斤拷锟斤拷锟斤拷锟饺放撅拷锟斤拷2%锟斤拷8锟铰凤拷锟斤拷锟斤拷锟斤拷锟斤拷I(y锟斤拷)PMI锟斤拷49.1锟斤拷锟斤拷锟斤拷锟斤拷锟铰斤拷2.1锟斤拷锟劫凤拷锟絚(di锟斤拷n)锟斤拷2016锟斤拷9锟斤拷锟皆侊拷锟阶次碉拷锟节榮锟捷撅拷锟斤拷锟紸(y锟斤拷)示锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷I(y锟斤拷)锟絖始锟斤拷u锟秸縮锟斤拷锟斤拷锟斤拷財锟斤拷锟斤拷锟斤拷(sh锟斤拷)锟斤拷(j锟斤拷)锟紷示锟斤拷2019財锟斤拷锟角�11锟斤拷锟铰ｏ拷锟斤拷锟斤拷財锟斤拷锟斤拷锟斤拷锟斤拷锟絖(d锟斤拷)1.07锟絝锟絴锟斤拷元锟斤拷占GDP锟斤拷4.4%锟斤拷锟斤拷(chu锟斤拷ng)锟絭史锟铰高ｏ拷锟紷示锟斤拷锟斤拷锟斤拷锟斤拷(w锟斤拷)前锟斤拷锟斤拷財锟斤拷锟斤拷r锟斤拷锟捷橈拷锟絕锟斤拷锟絊锟斤拷锟斤拷锟斤拷锟斤拷锟統(t锟斤拷ng)锟斤拷锟斤拷锟秸減锟斤拷锟侥刺硷拷锟斤拷锟斤拷锟斤拷u衰锟剿ｏ拷锟絈(m锟斤拷o)锟斤拷锟斤拷锟竭的诧拷锟絖锟斤拷锟皆岋拷锟斤拷锟斤拷锟斤拷I(y锟斤拷)投锟結锟斤拷锟斤拷锟斤拷锟斤拷锟絃锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟組(f锟斤拷i)锟斤拷锟斤拷(qi锟斤拷ng)锟斤拷锟斤拷元锟斤拷锟絈(m锟斤拷o)锟阶憋拷锟給(h锟斤拷)锟斤拷锟絰使锟絈(m锟斤拷o)锟斤拷锟斤拷锟経(ku锟斤拷)锟斤拷锟斤拷锟斤拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟紸(y锟斤拷)計锟斤拷锟絕锟絤(x锟斤拷)锟斤拷锟戒。

锟斤拷锟斤拷锟斤拷聯(li锟斤拷n)锟斤拷锟斤拷9锟铰第讹拷锟轿斤拷息25锟斤拷锟斤拷锟絚(di锟斤拷n)锟斤拷未锟斤拷锟斤拷锟脚筹拷锟劫次斤拷息锟斤拷锟斤拷锟铰嗭拷锟斤拷锟斤拷一輪锟斤拷锟斤拷锟斤拷锟缴★拷

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锟斤拷锟斤拷锟斤拷锟斤拷锟皆侊拷W锟睫斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟轿勶拷锟絕锟斤拷锟斤拷裕锟饺拷锟斤拷Q(m锟斤拷o)锟斤拷摩锟斤拷使锟矫歐锟斤拷锟解部锟斤拷锟斤拷锟斤拷锟斤拷锟紸(y锟斤拷)锟节ｏ拷锟斤拷锟斤拷锟斤拷锟届、投锟結锟酵筹拷锟节★拷锟斤拷锟斤拷锟饺歐元锟絕(q锟斤拷)GDP锟絟(hu锟斤拷n)锟斤拷锟斤拷锟劫減锟斤拷锟斤拷0.2%锟斤拷同锟斤拷锟斤拷锟絃1.2%锟斤拷處锟斤拷2016锟斤拷锟皆侊拷锟斤拷位锟斤拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)衰锟斤拷锟絃(f锟斤拷ng)锟経锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟接ｏ拷"锟斤拷車锟絕"锟铰囷拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟統锟斤拷危锟紺(j锟斤拷)負(f锟斤拷)锟斤拷效锟斤拷(y锟斤拷ng)還锟节發(f锟斤拷)锟酵ｏ拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷L(f锟斤拷ng)锟経锟斤拷锟狡诧拷锟斤拷锟斤拷锟組锟斤拷8锟铰歐元锟絕(q锟斤拷)一些锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)指锟斤拷(bi锟斤拷o)锟斤拷锟紽(xi锟斤拷n)锟斤拷锟斤拷锟斤拷锟絕锟斤拷锟斤拷锟統锟皆碉拷锟斤拷锟斤拷锟絯锟脚撅拷锟斤拷趨锟捷★拷锟斤拷锟斤拷聯(li锟斤拷n)锟斤拷锟斤拷息锟襟，伙拷锟斤拷锟斤拷锟斤拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟皆★拷財锟斤拷支锟斤拷锟斤拷锟斤拷锟統锟皆協(xi锟斤拷)同锟斤拷通脹锟斤拷锟斤拷锟竭勢愶拷锟斤拷锟斤拷锟斤拷锟截ｏ拷锟絎锟斤拷锟斤拷锟叫诧拷锟矫诧拷锟狡筹拷锟斤拷一輪锟教硷拷計锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟绞忥拷-0.4%锟斤拷锟絳(di锟斤拷o)锟斤拷锟斤拷(chu锟斤拷ng)锟給(j锟斤拷)錄碉拷-0.5%锟斤拷同锟絩锟斤拷锟斤拷锟斤拷锟斤拷11锟斤拷1锟斤拷锟斤拷锟截嗭拷锟結锟絘(ch锟斤拷n)購锟絀計锟斤拷(QE)锟斤拷規(gu锟斤拷)模锟斤拷每锟斤拷200锟絴锟絎元锟斤拷锟斤拷锟斤拷锟节傦拷券投锟結锟斤拷锟絤(x锟斤拷)2-3锟疥；锟絖始锟斤拷锟斤拷锟絃锟斤拷锟斤拷锟斤拷锟結锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟統锟斤拷锟斤拷锟矫斤拷锟絁锟絟(hu锟斤拷n)锟斤拷锟斤拷锟組(j锟斤拷n)一锟斤拷支锟斤拷貨锟脚岋拷锟斤拷锟斤拷锟斤拷锟斤拷英锟斤拷锟斤拷锟芥，锟杰囷拷锟斤拷(n锟斤拷i)锟斤拷锟街勶拷蕩锟斤拷脫锟絎前锟斤拷锟斤拷锟絖锟斤拷锟斤拷锟斤拷锟截沖锟斤拷锟斤拷英锟斤拷锟斤拷锟組(f锟斤拷i)锟斤拷投锟結锟斤拷锟皆ｏ拷一锟斤拷锟斤拷英锟斤拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)同锟斤拷锟斤拷锟絃1.8%锟斤拷锟斤拷锟斤拷锟饺烇拷1.2%锟斤拷未锟斤拷锟斤拷锟斤拷锟絕锟絤(x锟斤拷)锟脚撅拷锟斤拷

锟斤拷锟斤拷锟秸憋拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟斤拷锟斤拷锟斤拷

锟斤拷锟斤拷锟斤拷锟斤拷锟皆侊拷锟斤拷锟解部锟絟(hu锟斤拷n)锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷元锟斤拷值锟斤拷锟斤拷锟斤拷影響ｏ拷锟秸憋拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟斤拷锟斤拷锟皆★拷锟斤拷锟斤拷(j锟斤拷)锟秸憋拷锟斤拷(n锟斤拷i)锟絯锟斤拷锟斤拷锟斤拷锟侥旓拷(sh锟斤拷)锟斤拷(j锟斤拷)锟斤拷锟斤拷锟斤拷一锟斤拷锟斤拷锟斤拷锟斤拷锟秸憋拷锟斤拷锟紿GDP锟斤拷锟絃锟街別锟斤拷2.2%锟斤拷1.3%锟斤拷锟斤拷锟叫猴拷锟斤拷锟斤拷锟斤拷锟铰斤拷锟斤拷锟斤拷I(y锟斤拷)投锟結锟斤拷锟劫放撅拷锟斤拷锟斤拷要原锟斤拷10锟斤拷锟秸憋拷锟斤拷锟斤拷計锟斤拷锟斤拷锟絳(di锟斤拷o)锟斤拷锟組(f锟斤拷i)锟斤拷锟斤拷锟斤拷锟斤拷2014锟斤拷慕锟�(j锟斤拷ng)驗，锟斤拷锟組(f锟斤拷i)锟斤拷锟斤拷锟絳(di锟斤拷o)锟斤拷锟斤拷锟斤拷锟組(f锟斤拷i)锟斤拷锟斤拷锟轿筹拷锟絕锟斤拷_锟斤拷锟斤拷锟斤拷未锟斤拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟絃锟斤拷(g锟斤拷u)锟斤拷锟斤拷锟斤拷(zh锟斤拷n)锟斤拷8锟斤拷锟秸憋拷锟斤拷锟組(f锟斤拷i)锟斤拷锟斤拷锟斤拷指锟斤拷(sh锟斤拷)锟窖斤拷(j锟斤拷ng)锟斤拷锟斤拷37.1锟斤拷锟絟(hu锟斤拷n)锟斤拷锟铰斤拷0.7锟斤拷锟劫凤拷锟絚(di锟斤拷n)锟斤拷锟紹锟絤(x锟斤拷)11锟斤拷锟铰愶拷锟斤拷锟斤拷8锟斤拷锟秸憋拷媒锟絯锟斤拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟絎(xu锟斤拷)锟揭碉拷锟絳(di锟斤拷o)锟斤拷Y(ji锟斤拷)锟斤拷锟紷示锟斤拷锟斤拷36锟斤拷锟斤拷锟斤拷锟叫ｏ拷锟斤拷7锟斤拷锟絁(r锟斤拷n)锟斤拷锟秸憋拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟窖诧拷锟斤拷锟斤拷锟斤拷通锟斤拷锟斤拷45.4%锟侥岋拷锟斤拷锟絁(r锟斤拷n)锟斤拷锟秸憋拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷一锟斤拷锟�(n锟斤拷i)锟斤拷锟斤拷锟絕锟斤拷锟铰★拷锟斤拷锟絔锟斤拷锟秸傦拷锟斤拷锟斤拷锟斤拷锟窖碉拷锟斤拷锟斤拷锟斤拷目锟斤拷(bi锟斤拷o)锟絕(q锟斤拷)锟絞锟阶诧拷锟皆硷拷锟斤拷元锟斤拷值锟斤拷通脹锟斤拷軟锟饺夛拷锟斤拷锟斤拷未锟斤拷锟斤拷锟脚筹拷锟秸憋拷锟斤拷锟叫加碼锟斤拷锟斤拷貨锟斤拷锟斤拷锟斤拷锟皆刺硷拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷

锟斤拷锟斤拷锟斤拷锟絛锟叫堬拷锟斤拷锟叫筹拷锟紸(y锟斤拷)锟斤拷

锟斤拷锟斤拷锟斤拷全锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟脚撅拷锟斤拷锟斤拷锟斤拷锟斤拷品锟絩锟斤拷锟竭低的憋拷锟斤拷锟铰ｏ拷印锟饺★拷锟斤拷锟絖斯锟斤拷锟斤拷锟斤拷锟斤拷锟较非碉拷锟斤拷锟絛锟叫堬拷锟斤拷锟斤拷锟�(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟斤拷锟铰伙拷锟教度讹拷锟斤拷锟斤拷锟紸(y锟斤拷)锟节ｏ拷未锟斤拷锟斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟节达拷锟斤拷锟皆伙拷锟斤拷锟紷锟斤拷锟斤拷锟斤拷锟斤拷锟界，印锟斤拷锟斤拷锟叫斤拷锟斤拷锟紹锟絤(x锟斤拷)锟斤拷谓锟较⑽达拷锟斤拷锟街癸拷锟�(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟叫ｏ拷锟斤拷锟斤拷锟斤拷GDP同锟饺僅锟斤拷锟絃5.0%锟斤拷锟斤拷(chu锟斤拷ng)锟斤拷锟斤拷锟斤拷锟斤拷水平锟斤拷锟斤拷锟剿ｏ拷莫锟斤拷锟斤拷锟斤拷锟給锟斤拷锟斤拷锟絖一系锟斤拷支锟斤拷住锟斤拷锟斤拷锟斤拷锟絈(m锟斤拷o)锟絣(f锟斤拷)展锟斤拷锟斤拷锟竭ｏ拷锟皆勶拷(chu锟斤拷ng)锟斤拷锟斤拷锟酵業(y锟斤拷)锟紺(j锟斤拷)锟斤拷锟斤拷扭锟紻(zhu锟斤拷n)锟斤拷(d锟斤拷ng)前锟紹(t锟斤拷i)锟捷★拷锟斤拷锟街囷拷锟揭筹拷锟紽(xi锟斤拷n)锟斤拷锟节勶拷蕩锟斤拷8锟铰筹拷锟斤拷锟斤拷锟斤拷廷锟斤拷锟統(t锟斤拷ng)锟斤拷锟絰锟結(ji锟斤拷)锟斤拷锟斤拷锟絫锟斤拷锟斤拷锟斤拷锟斤拷x锟斤拷锟絟锟斤拷锟紽(xi锟斤拷n)锟斤拷(qi锟斤拷ng)锟脚ｏ拷锟斤拷锟絣(f锟斤拷)锟斤拷指锟酵匯锟绞达拷锟斤拷锟斤拷锟斤拷锟酵拷锟斤拷锟斤拷锟斤拷锟皆拷R锟斤拷锟斤拷一锟斤拷锟铰冿拷(n锟斤拷i)锟紿值25%锟斤拷锟斤拷锟斤拷9锟斤拷锟斤拷旬锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷元锟絉锟斤拷锟窖憋拷锟斤拷锟斤拷H值32%锟斤拷锟斤拷锟斤拷锟絯锟较匡拷锟斤拷锟斤拷锟絛锟叫堬拷锟酵發(f锟斤拷)展锟叫斤拷(j锟斤拷ng)锟斤拷(j锟斤拷)锟絯锟斤拷锟絃锟斤拷锟斤拷锟斤拷锟脚撅拷锟斤拷IMF锟斤拷7锟铰★拷锟斤拷锟界經(j锟斤拷ng)锟斤拷(j锟斤拷)展锟斤拷锟斤拷妗凤拷袑锟斤拷锟斤拷锟疥經(j锟斤拷ng)锟斤拷(j锟斤拷)锟斤拷锟斤拷锟紸(y锟斤拷)锟統锟斤拷锟絳(di锟斤拷o)0.3锟斤拷锟劫凤拷锟絚(di锟斤拷n)锟斤拷4.1%锟斤拷锟斤拷路锟界）

锟斤拷锟斤拷锟紻(zhu锟斤拷n)锟皆ｏ拷锟斤拷锟紿锟教堬拷