President Juncker was referring to the structural problems of the region of south Italy where the EU has done a lot to mobilise funding to spur growth and jobs.
Other emerging economies as a whole have been losing steam, as an improvement has been seen in many countries and regions buteconomic stagnation in countries facing structural issues or political instability has been protracted.
We recognise that the structural problems, including excess capacity in some industries, exacerbated by a weak global economic recovery and depressed market demand, have caused a negative impact on trade and workers.
However, Professor Lin appears to be too optimistic,given that he does not take fully into account the structural problems facing China, such as changes in its demographics.
In China, there are many economists who see the current situation of high economic growthcombined with low employment growth as a serious structural problem, calling it"growth without employment.".
Until we attack the structural problems, the world is likely to continue to be plagued by imbalances that threaten the financial stability and economic well-being of us all.
Structural problems as impediments to strong recovery The issue of how to translate rises in external demand into sustained growth in the rest of the economy has been familiar in Japan recently.
We recognize that the structural problems, including excess capacity in some industries, exacerbated by a weak global economic recovery and depressed market demand, have caused a negative impact on trade and workers.
Such issues as Japan's rapidly aging society, the large increase in government debt, and the high level of government investment in comparison withforeign countries are often pointed out as structural problems.
Still, for China to become a fully rule-based, open market economy, it must overcome various challenges: internal disparities,environmental degradation and other structural problems.
I do not think that expectations will turn out to be inflationary. Even assuming that expectations do become inflationary,demand will not arise as long as structural problems and unemployment are the causes of the lack of demand.
It argues that the factors underlying the current crisis predate the 2007-08 global financial crisis andare a mix of structural problems in some member states and faults in the design of the EMU framework.
One member explained that the background to the phenomenon wasmarket participants' severe view of Japan's structural problems, in particular the nonperforming-loan(NPL)problem, and this view and asset price declines were reinforcing each other in a vicious circle.
Due attention needs to be paid to various uncertainties such as the outcome of the debt problem in Europe, including the developments in Greece,developments in the emerging and commodity-exporting economies facing structural issues or political instability, and geopolitical risks.
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