What do you mean by economic downturn and upswing?

Economic downturn refers to the continuous decline of various indicators to measure economic growth, such as GDP, PPI, CPI and so on. That is, the economy has turned from a growth trend to a downward trend. The economic downturn began in 2008, when the global economic and financial crisis aggravated the global economic downturn. Since then, "ensuring economic growth" has become the main tone, and the pressure brought about by this economic downturn is called economic downward pressure.

Economic recovery refers to the continuous improvement of various indicators to measure economic growth, that is, the economy has changed from a downward trend to a growth trend.

Extended data:

How to treat the downward pressure on the economy?

Mao Shengyong, spokesman of the National Bureau of Statistics, analyzed that from the outside, there have been some new changes in the world economic situation, which are as follows:

First, the growth momentum of the whole world economy is weakening;

Second, the growth of international trade has slowed down;

Third, commodity prices have fallen more;

Fourth, some leading indicators have dropped significantly. In view of these circumstances, some new changes have taken place in the current world economic situation, and the uncertainty of variables and challenges has increased compared with the past.

Therefore, combined with the external economic development situation, Mao Shengyong believes that the current China economy has the following two characteristics:

First, the economic operation remained in a reasonable range, the growth was relatively stable, the employment was generally stable, and the price increase dropped.

Second, the trend of steady progress continues to develop. First of all, new kinetic energy maintained rapid growth, and market players continued to increase substantially;

Secondly, structural optimization, the service industry maintained steady and rapid growth, investment growth showed a trend of stabilization and recovery, and manufacturing investment continued to rise.

Mao Shengyong emphasized that we should also see that the current downward pressure on the economy is relatively large, especially now the external environment is more severe and complicated, and variables and uncertainties are increasing.

Therefore, the next step is to further intensify supply-side structural reform in accordance with the decision-making arrangements of the CPC Central Committee and the State Council, better implement the policies that have been promulgated, especially the "six stable" policy, give full play to the policy effects, and promote the stable and healthy operation of the national economy.

Baidu encyclopedia-economic downturn

People's Network-How to treat the downward pressure on the economy? Statistics bureau responded