经济下行压力加大，亮点与挑战并存——2019年三季度宏观经济形势分析报告

Increasing Going-down Pressure in Economy, Its Goodness and Challenges——2019 Quarter 3 Macro Economy Analysis Report

从今年前三季度宏观经济指标看,经济已进入下行通道。当前经济形势不景气,主要是结构性的和体制机制性的。从供给端和需求端看,供给与需求形成负反馈,将导致经济螺旋式加速下行。当前,应高度警惕我国经济螺旋式下行的风险,宏观政策重在稳定预期,改革举措重在增强信心。报告结合今年前三季度数据分析了我国GDP增速、制造业、新经济、进出口、房地产、基建投资、价格、能源、财政、金融等形势,提出值得关注的问题及政策建议。

The macro-economic ratios of 2019 first three quarters says that the economy is stepping into a going down channel,current economic situation is not so prosperous.This is mainly structured and systematic.Analyzed from the supply and demand side,there is vicious cycle between the supply and demand and it may lead to spiral accelerating decrease in economy.So the risk should be prevented cautiously and the macro policy should focus on stabilizing people's expectation and the reform on confidence improvement.The report analyzes China's GDP increasing speed,manufacturing industry,new economy,import and export,real estate industry,infrastructure investment,price,energy,public finance,financial situation,presents its policy recommendations and problems to be paid attention to.