The growth of the world economy is weak and recovery has been slow. However, sinking into a major downturn or crisis is unlikely. Periodic and structural issues which inhibit economic recovery have not been fundamentally resolved and there is insufficient driving force to propel economic growth. The pressure of worldwide deflation has multiplied, new rounds of WTO trade talks at Dohainches along with difficulties and world trade is growing at a slow pace. The exchange rate of U.S. dollars with the Euros and other major world currencies has declined notably.

Economic globalization continues to move forward, non-traditional threats have become more conspicuous, the costs and risks of economic operations have increased and regional or transregional bi-lateral free trade arrangements have evidently expanded. The international community is attaching greater importance to the issue of development and North-South dialogues are increasing.

The prospect of world economic progress continues to be bright. Countries throughout the world should emphatically explore the potentials for economic development and stimulate the inherent dynamics of economic growth. The developed economies should assume major responsibility in stabilizing the financial market, maintaining the normal trade order and enhancing economic growth. North-South gap should be narrowed and assistance and aid to the developing countries should be stepped up. At the same time, the international community should intensify their collaboration, work together to accelerate the process of world economic recovery and promote common prosperity and progress of mankind.