和讯网消息　日前，由CCTV证券资讯频道和中欧温顿基金联合举办的2012年下半年国际市场投资报告会在京举行。

HeXunWang news recently,By CCTV securities information channel and central winton fund jointly organized the second half of 2012 the international market investment report is held in Beijing.

　　CCTV证券资讯频道执行总编辑兼首席评论员钮文新在主题演讲中指出，发达经济体经济增长基本处于零增长，金砖四国的经济减速幅度也呈扩大趋势。但与此同时，中东战争、世界储备货币超发，都从成本推高物价，并导致需求减少，进而使经济减速甚至衰退。

CCTV securities information channel editor in chief executive and chief commentators in the theme NiuWenXin speech pointed out,Economic growth in developed economies basic zero growth,Bricks economic deceleration also shows an enlarging trend.But at the same time,War in the Middle East/The world reserve currency super hair,From cost push up prices,And lead to less demand,And the economic slowdown or even recession.

　　“尽管还不能说世界经济已近全部停滞，但主要国家的形势不妙。”钮文新认为，目前全球的滞胀已经出现。

"Although can't say that the world economy has nearly all stagnation,But the main countries good situation."NiuWenXin think,At present the global stagflation has appeared.

　　中欧温顿基金首席分析师、CCTV证券资讯频道特聘讲师王洋就2012年下半年外汇市场预测认为，虽然目前欧元区还面临诸多不确定性因素，但欧央行9月6日推出的OMT计划已经使多项风险大幅降低，相信德国此后绝不会袖手旁观。

Central winton fund chief analyst/CCTV securities information channel distinguished lecturer WangYang is the second half of 2012 foreign exchange market forecasting think,Although at present the euro area is still faced with many uncertain factors,But European central bank on September 6, launch of the OMT plan has made a number of risk greatly reduced,Believe in Germany since then never stand by.

　　在欧元基本面得到实质性好转的同时，美元正在面临QE3和财政悬崖两大风险，后者的负面影响或贯穿至2013年一季度。

In the euro fundamentals and substantially improved at the same time,Dollars are facing QE3 and financial cliff two big risk,The latter's negative effect or through to the first quarter of 2013.

　　王洋从美元指数的技术走势判断，美元从8月开始或进入一个下跌周期，与基本面十分吻合，而未来几个月里，以欧元为代表的非美货币或将逐步走强，美元则会持续走低。

WangYang from the dollar index technology trend judgment,Dollars from the beginning of August or into a down cycle,And the fundamental very anastomosis,And the next few months,To the euro as a representative of the American currency or will gradually going strong,The dollar will keep falling.

　　CCTV证券资讯频道《财富课堂》栏目希望通过与市场人士的探讨，为投资者提供国际市场投资讯息。

CCTV securities information channel[Wealth class]Column hope that through and market participants discussed,For investors to provide the international market investment message.