Core Viewpoint - The President of the European Central Bank emphasizes the importance of global cooperation in trade and warns against the negative consequences of protectionism [1] Group 1: Global Trade Dynamics - Since the end of the Cold War, global trade has rapidly expanded, with the total value of goods and services trade exceeding $30 trillion [1] - The share of trade in global GDP has increased from approximately 38% to about 60% [1] Group 2: Risks of Protectionism - Protectionist trade policies are not sustainable solutions to current trade tensions and may erode the foundation of global prosperity [1] - The ECB's analysis indicates that if global trade splits into competing blocs, world trade will significantly shrink, negatively impacting all major economies [1] Group 3: Call for Responsibility and Cooperation - To maintain prosperity, countries must seek cooperative solutions, with both surplus and deficit nations taking responsibility [1] - Central banks can play a role in implementing stability-focused policies amid increasing fragmentation and instability in the global landscape [1]
欧洲央行行长谈全球经贸合作:德不孤,必有邻
Zhong Guo Xin Wen Wang·2025-06-12 08:21