{"id":5364,"date":"2019-09-14T02:36:18","date_gmt":"2019-09-13T23:36:18","guid":{"rendered":"https:\/\/favorite-news.com\/vi\/suy-thoai-go-cua-vi-sao-duc-khong-muon-chi-dam-de-kich-cau\/"},"modified":"2019-09-14T02:36:20","modified_gmt":"2019-09-13T23:36:20","slug":"suy-thoai-go-cua-vi-sao-duc-khong-muon-chi-dam-de-kich-cau","status":"publish","type":"post","link":"https:\/\/favorite-news.com\/vi\/suy-thoai-go-cua-vi-sao-duc-khong-muon-chi-dam-de-kich-cau\/","title":{"rendered":"Suy tho\u00e1i g\u00f5 c\u1eeda, v\u00ec sao \u0110\u1ee9c kh\u00f4ng mu\u1ed1n chi \u0111\u1eadm \u0111\u1ec3 k\u00edch c\u1ea7u?"},"content":{"rendered":"


\n Theo trang CNN Business, trong cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111\u1ecbnh k\u1ef3 v\u00e0o ng\u00e0y 12\/9, Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng ch\u00e2u \u00c2u (ECB) \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o s\u1ebd c\u00f4ng b\u1ed1 th\u00eam bi\u1ec7n ph\u00e1p h\u1ed7 tr\u1ee3 t\u0103ng tr\u01b0\u1edfng th\u00f4ng qua n\u1edbi l\u1ecfng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7. Nh\u01b0ng v\u1edbi l\u00e3i su\u1ea5t c\u01a1 b\u1ea3n \u0111\u1ed3ng Euro \u0111\u00e3 \u1edf m\u1ee9c th\u1ea5p k\u1ef7 l\u1ee5c, t\u00e1c \u0111\u1ed9ng kinh t\u1ebf c\u1ee7a nh\u1eefng bi\u1ec7n ph\u00e1p h\u1ed7 tr\u1ee3 t\u0103ng tr\u01b0\u1edfng nh\u01b0 v\u1eady s\u1ebd kh\u00f4ng \u0111\u00e1ng k\u1ec3, cho d\u00f9 t\u00e2m l\u00fd c\u1ee7a gi\u1edbi \u0111\u1ea7u t\u01b0 c\u00f3 \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n \u0111i ch\u0103ng n\u1eefa.Truy\u1ec1n th\u1ed1ng ng\u1ea1i vay n\u1ee3\u0110\u1ebfn \u0111\u00e2y, m\u1ecdi \u00e1nh m\u1eaft \u0111\u1ec1u h\u01b0\u1edbng v\u1ec1 \u0110\u1ee9c – n\u1ec1n kinh t\u1ebf l\u1edbn nh\u1ea5t ch\u00e2u \u00c2u.\u0110\u1ee9c n\u1ed5i ti\u1ebfng l\u00e0 m\u1ed9t qu\u1ed1c gia ng\u1ea1i vay n\u1ee3. Nh\u01b0ng v\u1edbi n\u1ec1n kinh t\u1ebf \u0110\u1ee9c hi\u1ec7n nay \u0111ang ng\u1ea5p ngh\u00e9 “mi\u1ec7ng h\u1ed1” suy tho\u00e1i, c\u00e1c ch\u00ednh tr\u1ecb gia n\u01b0\u1edbc n\u00e0y bu\u1ed9c ph\u1ea3i “ph\u00e1 l\u1ec7”, \u0111i \u0111\u1ebfn c\u00e2n nh\u1eafc gi\u1eefa c\u00e1c l\u1ef1a ch\u1ecdn h\u1ed7 tr\u1ee3 t\u0103ng tr\u01b0\u1edfng l\u1ea7n \u0111\u1ea7u ti\u00ean k\u1ec3 t\u1eeb cu\u1ed9c kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u.Kh\u1ea3 n\u0103ng Ch\u00ednh ph\u1ee7 \u0110\u1ee9c tung m\u1ed9t g\u00f3i chi ti\u00eau l\u1edbn \u0111\u1ec3 n\u00e2ng c\u1ea5p c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng \u0111ang t\u1ea1o ra kh\u00f4ng \u00edt s\u1ef1 h\u01b0ng ph\u1ea5n trong t\u00e2m l\u00fd gi\u1edbi \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u. Tuy nhi\u00ean, gi\u1edbi chuy\u00ean gia c\u1ea3nh b\u00e1o r\u1eb1ng c\u00e1c ngh\u1ecb s\u1ef9 \u0110\u1ee9c, v\u1edbi quy\u1ebft t\u00e2m duy tr\u00ec c\u00e2n b\u1eb1ng ng\u00e2n s\u00e1ch qu\u1ed1c gia, ch\u01b0a ch\u1eafc \u0111\u00e3 ph\u00ea chu\u1ea9n m\u1ed9t g\u00f3i k\u00edch c\u1ea7u quy m\u00f4 \u0111\u1ee7 l\u1edbn \u0111\u1ec3 v\u1ef1c d\u1eady to\u00e0n b\u1ed9 n\u1ec1n kinh t\u1ebf khu v\u1ef1c.”M\u1ed9t k\u1ebf ho\u1ea1ch l\u1edbn \u0111\u1ec3 h\u1ed7 tr\u1ee3 n\u1ec1n kinh t\u1ebf kh\u00f4ng ph\u1ea3i l\u00e0 \u0111i\u1ec1u m\u00e0 Ch\u00ednh ph\u1ee7 \u0110\u1ee9c s\u1eb5n s\u00e0ng l\u00e0m v\u00e0o th\u1eddi \u0111i\u1ec3m n\u00e0y”, chuy\u00ean gia kinh t\u1ebf tr\u01b0\u1edfng t\u1ea1i \u0110\u1ee9c c\u1ee7a ING, \u00f4ng Carsten Brzeski, nh\u1eadn \u0111\u1ecbnh.Trong v\u00f2ng m\u1ed9t th\u1eadp k\u1ef7 qua, \u0110\u1ee9c gi\u1eef vai tr\u00f2 l\u00e0 \u0111\u1ea7u t\u00e0u c\u1ee7a s\u1ef1 ph\u1ee5c h\u1ed3i kinh t\u1ebf ch\u00e2u \u00c2u. Nh\u01b0ng g\u1ea7n \u0111\u00e2y, n\u1ec1n kinh t\u1ebf h\u01b0\u1edbng ra xu\u1ea5t kh\u1ea9u c\u1ee7a \u0110\u1ee9c c\u00f9ng l\u00fac ch\u1ecbu s\u1ee9c \u00e9p suy gi\u1ea3m t\u0103ng tr\u01b0\u1edfng t\u1eeb cu\u1ed9c chi\u1ebfn th\u01b0\u01a1ng m\u1ea1i M\u1ef9-Trung, nhu c\u1ea7u gi\u1ea3m s\u00fat c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u00f4t\u00f4 to\u00e0n c\u1ea7u, v\u00e0 nguy c\u01a1 Anh r\u1eddi Li\u00ean minh ch\u00e2u \u00c2u (EU) t\u1ee9c Brexit m\u00e0 kh\u00f4ng c\u00f3 th\u1ecfa thu\u1eadn n\u00e0o.Suy tho\u00e1i kinh t\u1ebf – \u0111\u01b0\u1ee3c \u0111\u1ecbnh ngh\u0129a l\u00e0 khi m\u1ed9t n\u1ec1n kinh t\u1ebf suy gi\u1ea3m hai qu\u00fd li\u00ean ti\u1ebfp – \u0111ang d\u1ea7n “hi\u1ec7n h\u00ecnh” \u1edf \u0110\u1ee9c. Kinh t\u1ebf \u0110\u1ee9c \u0111\u00e3 gi\u1ea3m 0,1% trong qu\u00fd 2 n\u0103m nay v\u00e0 \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o gi\u1ea3m 0,3% trong qu\u00fd 3. Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng \u0110\u1ee9c (Bundesbank), v\u1ed1n r\u1ea5t th\u1eadn tr\u1ecdng, c\u0169ng \u0111\u00e3 l\u00ean ti\u1ebfng c\u1ea3nh b\u00e1o v\u1ec1 s\u1ee9c kh\u1ecfe c\u1ee7a n\u1ec1n kinh t\u1ebf.”Suy tho\u00e1i kinh t\u1ebf \u0110\u1ee9c g\u1ea7n nh\u01b0 \u0111\u00e3 \u0111\u01b0\u1ee3c kh\u1eb3ng \u0111\u1ecbnh ch\u1eafc ch\u1eafn”, chuy\u00ean gia kinh t\u1ebf tr\u01b0\u1edfng khu v\u1ef1c ch\u00e2u \u00c2u c\u1ee7a Pantheon Macroeconomics, \u00f4ng Clause Vistesen, nh\u1eadn \u0111\u1ecbnh.Trong b\u1ed1i c\u1ea3nh nh\u01b0 v\u1eady, cu\u1ed9c tranh lu\u1eadn v\u1ec1 m\u1ed9t k\u1ebf ho\u1ea1ch k\u00edch th\u00edch kinh t\u1ebf ti\u1ec1m n\u0103ng c\u1ee7a Ch\u00ednh ph\u1ee7 \u0110\u1ee9c tr\u1edf n\u00ean s\u00f4i \u0111\u1ed9ng h\u01a1n.Th\u1eeba ti\u1ec1n nh\u01b0ng ng\u1ea1i chi”Ch\u00fang ta \u0111ang \u1edf v\u00e0o t\u00ecnh th\u1ebf ph\u1ea3i ch\u1ed1ng l\u1ea1i nguy c\u01a1 x\u1ea3y ra m\u1ed9t cu\u1ed9c kh\u1ee7ng ho\u1ea3ng kinh t\u1ebf b\u1eb1ng nhi\u1ec1u, nhi\u1ec1u t\u1ef7 Euro, n\u1ebfu th\u1ef1c s\u1ef1 c\u00f3 m\u1ed9t cu\u1ed9c kh\u1ee7ng ho\u1ea3ng nh\u01b0 v\u1eady n\u1ed5 ra \u1edf \u0110\u1ee9c v\u00e0 ch\u00e2u \u00c2u”, B\u1ed9 tr\u01b0\u1edfng B\u1ed9 Kinh t\u1ebf \u0110\u1ee9c Olaf Scholz ph\u00e1t bi\u1ec3u tr\u01b0\u1edbc c\u00e1c ngh\u1ecb s\u1ef9 n\u01b0\u1edbc n\u00e0y h\u00f4m th\u1ee9 Ba. “V\u00e0 ch\u00fang ta s\u1ebd l\u00e0m vi\u1ec7c \u0111\u00f3”.C\u01a1 s\u1edf cho m\u1ed9t k\u1ebf ho\u1ea1ch nh\u01b0 v\u1eady l\u00e0 th\u1eb7ng d\u01b0 ng\u00e2n s\u00e1ch d\u1ed3i d\u00e0o c\u1ee7a \u0110\u1ee9c. Trong n\u1eeda \u0111\u1ea7u n\u0103m nay, th\u1eb7ng d\u01b0 ng\u00e2n s\u00e1ch c\u1ee7a n\u01b0\u1edbc n\u00e0y \u0111\u1ea1t 2,7% t\u1ed5ng s\u1ea3n ph\u1ea9m trong n\u01b0\u1edbc (GDP). V\u1edbi m\u1ee9c th\u1eb7ng d\u01b0 n\u00e0y, Ch\u00ednh ph\u1ee7 \u0110\u1ee9c c\u00f3 nhi\u1ec1u d\u01b0 \u0111\u1ecba \u0111\u1ec3 h\u00e0nh \u0111\u1ed9ng h\u01a1n so v\u1edbi nh\u1eefng n\u01b0\u1edbc l\u00e1ng gi\u1ec1ng n\u1eb7ng n\u1ee3.M\u1ed9t nh\u00e2n t\u1ed1 quan tr\u1ecdng kh\u00e1c l\u00e0 l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 \u0110\u1ee9c \u0111ang \u1edf s\u00e2u d\u01b0\u1edbi ng\u01b0\u1ee1ng 0. L\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 \u0110\u1ee9c k\u1ef3 h\u1ea1n 10 n\u0103m hi\u1ec7n c\u00f3 l\u1ee3i su\u1ea5t \u00e2m 0,56%, \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c \u0110\u1ee9c c\u00f3 th\u1ec3 vay v\u1ed1n mi\u1ec5n ph\u00ed th\u00f4ng qua ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu.”\u0110\u1ee9c c\u00f3 th\u1ec3 vay ti\u1ec1n tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh ngay l\u00fac n\u00e0y v\u1edbi l\u00e3i su\u1ea5t 0, v\u00e0 s\u1eed d\u1ee5ng s\u1ed1 ti\u1ec1n \u0111\u00f3 cho vi\u1ec7c \u0111\u1ea7u t\u01b0 v\u00e0o c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng”, \u00f4ng Brzeski n\u00f3i.Nh\u01b0ng v\u1ea5n \u0111\u1ec1 n\u1eb1m \u1edf t\u01b0 t\u01b0\u1edfng “th\u00e2m c\u0103n c\u1ed1 \u0111\u1ebf” ph\u1ea3i \u0111\u1ed1i chi ti\u00eau c\u00f4ng m\u1ea1nh tay \u1edf \u0110\u1ee9c. S\u1ef1 ph\u1ea3n \u0111\u1ed1i n\u00e0y c\u00f3 t\u1eeb sau th\u1eadp ni\u00ean 1970-1980, qu\u00e3ng th\u1eddi gian m\u00e0 th\u1ea5t nghi\u1ec7p, l\u1ea1m ph\u00e1t v\u00e0 n\u1ee3 c\u00f4ng c\u1ee7a \u0110\u1ee9c c\u00f9ng t\u0103ng m\u1ea1nh, theo m\u1ed9t b\u00e1o c\u00e1o c\u1ee7a Deutsche Bank. Xa h\u01a1n n\u1eefa, n\u1ed7i s\u1ee3 vay n\u1ee3 c\u1ee7a ng\u01b0\u1eddi \u0110\u1ee9c b\u1eaft ngu\u1ed3n t\u1eeb th\u1eddi k\u1ef3 si\u00eau l\u1ea1m ph\u00e1t \u1edf n\u01b0\u1edbc n\u00e0y h\u1ed3i th\u1eadp ni\u00ean 1920.Th\u1eddi hi\u1ec7n \u0111\u1ea1i, n\u01b0\u1edbc \u0110\u1ee9c c\u0169ng c\u00f3 nh\u1eefng l\u00fd do \u0111\u1ec3 c\u00e1c ch\u00ednh tr\u1ecb gia n\u01b0\u1edbc n\u00e0y \u01b0u ti\u00ean c\u00e2n b\u1eb1ng ng\u00e2n s\u00e1ch h\u01a1n l\u00e0 n\u00e9m ti\u1ec1n ch\u1ed1ng ch\u1ecdi v\u1edbi m\u1ed9t cu\u1ed9c suy tho\u00e1i nh\u1eb9, theo chuy\u00ean gia kinh t\u1ebf tr\u01b0\u1edfng Holger Schmieding c\u1ee7a Berenberg Bank.Kh\u00f4ng n\u00ean k\u1ef3 v\u1ecdng v\u00e0o \u0110\u1ee9c\u0110\u00f3 l\u00e0 b\u1edfi suy tho\u00e1i kinh t\u1ebf kh\u00f4ng c\u00f3 \u1ea3nh h\u01b0\u1edfng qu\u00e1 l\u1edbn \u0111\u1ebfn nhi\u1ec1u ng\u01b0\u1eddi \u0110\u1ee9c. C\u00e1c c\u00f4ng ty \u0110\u1ee9c lu\u00f4n l\u00e0m m\u1ecdi \u0111i\u1ec1u c\u00f3 th\u1ec3 \u0111\u1ec3 tr\u00e1nh sa th\u1ea3i v\u00ec n\u01b0\u1edbc n\u00e0y thi\u1ebfu lao \u0111\u1ed9ng c\u00f3 k\u1ef9 n\u0103ng. Ngo\u00e0i ra, \u0111a s\u1ed1 ng\u01b0\u1eddi \u0110\u1ee9c \u0111i thu\u00ea nh\u00e0 thay v\u00ec s\u1edf h\u1eefu nh\u00e0, n\u00ean h\u1ecd kh\u00f4ng ph\u1ea3i lo v\u1ec1 c\u00e1c kho\u1ea3n vay th\u1ebf ch\u1ea5p nh\u00e0.H\u01a1n h\u1ebft, ng\u01b0\u1eddi \u0110\u1ee9c c\u00f3 m\u1ee9c \u0111\u1ed9 ph\u1ee5 thu\u1ed9c l\u1edbn v\u00e0 r\u1ed9ng r\u00e3i v\u00e0o l\u01b0\u01a1ng h\u01b0u, m\u00e0 l\u01b0\u01a1ng h\u01b0u l\u1ea1i li\u00ean quan \u0111\u1ebfn s\u1ee9c kh\u1ecfe c\u1ee7a n\u1ec1n t\u00e0i ch\u00ednh c\u00f4ng. \u0110i\u1ec1u n\u00e0y \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c ng\u01b0\u1eddi d\u00e2n \u0110\u1ee9c mu\u1ed1n Ch\u00ednh ph\u1ee7 th\u1eadn tr\u1ecdng trong chi ti\u00eau c\u00f4ng.”Kh\u00e1 nhi\u1ec1u ng\u01b0\u1eddi \u0110\u1ee9c ngh\u0129 r\u1eb1ng n\u1ebfu Ch\u00ednh ph\u1ee7 t\u0103ng chi ti\u00eau v\u00e0o l\u00fac n\u00e0y, th\u00ec sau 10 n\u0103m n\u1eefa, Ch\u00ednh ph\u1ee7 s\u1ebd ch\u1eb3ng c\u00f3 ti\u1ec1n m\u00e0 tr\u1ea3 l\u01b0\u01a1ng h\u01b0u cho h\u1ecd”, \u00f4ng Schmieding n\u00f3i. D\u00e2n s\u1ed1 \u0110\u1ee9c l\u1ea1i \u0111ang l\u00e3o h\u00f3a, n\u00ean mong mu\u1ed1n Ch\u00ednh ph\u1ee7 h\u1ea1n ch\u1ebf chi ti\u00eau c\u00e0ng r\u00f5 h\u01a1n bao gi\u1edd h\u1ebft.Khi c\u00e1c quan ch\u1ee9c \u0110\u1ee9c n\u00f3i v\u1ec1 kh\u1ea3 n\u0103ng k\u00edch c\u1ea7u, nhi\u1ec1u ng\u01b0\u1eddi cho r\u1eb1ng \u0110\u1ee9c c\u00f3 th\u1ec3 tr\u1edf n\u00ean tho\u1ea3i m\u00e1i h\u01a1n v\u1edbi vi\u1ec7c kh\u00f4ng \u0111\u1ea1t m\u1ee5c ti\u00eau v\u1ec1 t\u00e0i kh\u00f3a n\u1ebfu thu ng\u00e2n s\u00e1ch t\u1eeb thu\u1ebf gi\u1ea3m trong tr\u01b0\u1eddng h\u1ee3p suy tho\u00e1i kinh t\u1ebf, theo \u00f4ng Schmieding. Tuy nhi\u00ean, \u0111\u00e2y l\u00e0 m\u1ed9t vi\u1ec7c r\u1ea5t kh\u00e1c v\u1edbi th\u00f4ng qua m\u1ed9t s\u00e1ng ki\u1ebfn chi ti\u00eau quy m\u00f4 l\u1edbn.V\u00e0o ng\u00e0y 20\/9 t\u1edbi \u0111\u00e2y, Ch\u00ednh ph\u1ee7 \u0110\u1ee9c d\u1ef1 ki\u1ebfn s\u1ebd c\u00f4ng b\u1ed1 c\u00e1c bi\u1ec7n ph\u00e1p ch\u1ed1ng bi\u1ebfn \u0111\u1ed5i kh\u00ed h\u1eadu. M\u1ed9t g\u00f3i chi ti\u00eau nh\u01b0 v\u1eady c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u00f4ng qua ngo\u00e0i ng\u00e2n s\u00e1ch. Nh\u01b0ng ngo\u00e0i ra, \u0111\u1ea7u t\u01b0 l\u1edbn v\u00e0o c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng c\u00f3 th\u1ec3 l\u00e0 chuy\u1ec7n “n\u00f3i d\u1ec5 h\u01a1n l\u00e0m”.N\u00f3i c\u00e1ch kh\u00e1c, \u0110\u1ee9c c\u00f3 th\u1ec3 t\u0103ng chi ti\u00eau trong th\u1eddi gian t\u1edbi, nh\u01b0ng s\u1ebd kh\u00f4ng ph\u1ea3i l\u00e0 nh\u1eefng kho\u1ea3n chi kh\u1ed5ng l\u1ed3 nh\u01b0 n\u1ec1n kinh t\u1ebf ch\u00e2u \u00c2u mong mu\u1ed1n.
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Theo trang CNN Business, trong cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111\u1ecbnh k\u1ef3 v\u00e0o ng\u00e0y 12\/9, Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng ch\u00e2u \u00c2u (ECB) \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o s\u1ebd c\u00f4ng b\u1ed1 th\u00eam bi\u1ec7n ph\u00e1p h\u1ed7 tr\u1ee3 t\u0103ng tr\u01b0\u1edfng th\u00f4ng qua n\u1edbi l\u1ecfng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7. 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