{"id":3352,"date":"2021-03-14T12:28:13","date_gmt":"2021-03-14T12:28:13","guid":{"rendered":"http:\/\/tvtinvest.com\/?p=3352"},"modified":"2021-03-14T12:37:08","modified_gmt":"2021-03-14T12:37:08","slug":"nhung-dieu-nen-biet-ve-lam-phat-va-giam-phat","status":"publish","type":"post","link":"http:\/\/tvtinvest.com\/?p=3352","title":{"rendered":"NH\u01afNG \u0110I\u1ec0U N\u00caN BI\u1ebeT V\u1ec0 L\u1ea0M PH\u00c1T V\u00c0 GI\u1ea2M PH\u00c1T"},"content":{"rendered":"
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L\u1ea1m ph\u00e1t v\u00e0 gi\u1ea3m ph\u00e1t l\u00e0 hai hi\u1ec7n t\u01b0\u1ee3ng \u0111\u1ed1i l\u1eadp nhau trong m\u1ed9t n\u1ec1n kinh t\u1ebf. V\u1eady L\u1ea1m ph\u00e1t, Gi\u1ea3m ph\u00e1t l\u00e0 g\u00ec? n\u00f3 \u1ea3nh h\u01b0\u1edfng th\u1ebf n\u00e0o \u0111\u1ebfn kinh t\u1ebf? Ch\u00fang ta s\u1ebd \u0111\u01b0\u1ee3c bi\u1ebft c\u00e1c n\u1ed9i dung n\u00e0y nh\u01b0 sau:<\/span><\/div>\n<\/div>\n
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1. L\u1ea1m ph\u00e1t l\u00e0 g\u00ec?<\/span><\/strong><\/div>\n<\/div>\n
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L\u1ea1m ph\u00e1t l\u00e0 s\u1ef1 t\u0103ng m\u1ee9c gi\u00e1 chung m\u1ed9t c\u00e1ch li\u00ean t\u1ee5c c\u1ee7a h\u00e0ng h\u00f3a v\u00e0 d\u1ecbch v\u1ee5 theo th\u1eddi gian. \u0110\u1ed3ng ngh\u0129a v\u1edbi s\u1ef1 m\u1ea5t gi\u00e1 tr\u1ecb c\u1ee7a m\u1ed9t lo\u1ea1i ti\u1ec1n t\u1ec7 n\u00e0o \u0111\u00f3. Khi \u0111\u00f3 v\u1edbi c\u00f9ng m\u1ed9t \u0111\u01a1n v\u1ecb ti\u1ec1n t\u1ec7 s\u1ebd mua \u0111\u01b0\u1ee3c \u00edt h\u00e0ng h\u00f3a v\u00e0 d\u1ecbch v\u1ee5 h\u01a1n so v\u1edbi tr\u01b0\u1edbc \u0111\u00f3.<\/span><\/div>\n<\/div>\n
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Do \u0111\u00f3 l\u1ea1m ph\u00e1t th\u1ec3 hi\u1ec7n s\u1ef1 suy gi\u1ea3m s\u1ee9c mua tr\u00ean m\u1ed9t \u0111\u01a1n v\u1ecb ti\u1ec1n t\u1ec7. Khi so s\u00e1nh v\u1edbi c\u00e1c n\u01b0\u1edbc kh\u00e1c th\u00ec l\u1ea1m ph\u00e1t l\u00e0 s\u1ef1 gi\u1ea3m gi\u00e1 tr\u1ecb ti\u1ec1n t\u1ec7 c\u1ee7a m\u1ed9t qu\u1ed1c gia n\u00e0y so v\u1edbi c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 c\u1ee7a qu\u1ed1c gia kh\u00e1c.<\/span><\/div>\n<\/div>\n
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2. Gi\u1ea3m ph\u00e1t l\u00e0 g\u00ec?<\/span><\/strong><\/div>\n<\/div>\n
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Gi\u1ea3m ph\u00e1t l\u00e0 m\u1ed9t hi\u1ec7n t\u01b0\u1ee3ng ng\u01b0\u1ee3c l\u1ea1i v\u1edbi l\u1ea1m ph\u00e1t. \u0110\u00e2y l\u00e0 t\u00ecnh tr\u1ea1ng m\u1ee9c gi\u00e1 chung c\u1ee7a n\u1ec1n kinh t\u1ebf gi\u1ea3m xu\u1ed1ng li\u00ean t\u1ee5c. C\u0169ng c\u00f3 th\u1ec3 n\u00f3i gi\u1ea3m ph\u00e1t l\u00e0 l\u1ea1m ph\u00e1t v\u1edbi t\u1ef7 l\u1ec7 mang gi\u00e1 tr\u1ecb \u00e2m. Trong c\u00e1c t\u00e0i li\u1ec7u th\u1ed1ng k\u00ea t\u00ecnh h\u00ecnh kinh t\u1ebf ch\u00ednh th\u1ee9c, khi \u0111\u1ec1 c\u1eadp \u0111\u1ebfn gi\u1ea3m ph\u00e1t, ng\u01b0\u1eddi ta v\u1eabn \u0111\u1eb7t d\u1ea5u \u00e2m k\u00e8m v\u1edbi con s\u1ed1 \u1edf m\u1ee5c t\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t. T\u00ecnh tr\u1ea1ng gi\u1ea3m ph\u00e1t th\u01b0\u1eddng xu\u1ea5t hi\u1ec7n khi kinh t\u1ebf suy tho\u00e1i hay \u0111\u00ecnh \u0111\u1ed1n.<\/span><\/div>\n<\/div>\n
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N\u00f3i chung gi\u1ea3m ph\u00e1t l\u00e0 m\u1ed9t v\u1ea5n \u0111\u1ec1 l\u1edbn trong n\u1ec1n kinh t\u1ebf hi\u1ec7n \u0111\u1ea1i do n\u00f3 l\u00e0m t\u0103ng gi\u00e1 tr\u1ecb th\u1eadt c\u1ee7a n\u1ee3, c\u00f3 th\u1ec3 l\u00e0m tr\u1ea7m tr\u1ecdng th\u00eam suy tho\u00e1i.<\/span><\/div>\n<\/div>\n
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3. \u1ea2nh h\u01b0\u1edfng c\u1ee7a l\u1ea1m ph\u00e1t v\u00e0 gi\u1ea3m ph\u00e1t<\/span><\/strong><\/div>\n<\/div>\n
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L\u1ea1m ph\u00e1t v\u00e0 gi\u1ea3m ph\u00e1t \u0111\u1ec1u c\u00f3 nh\u1eefng \u1ea3nh h\u01b0\u1edfng ri\u00eang c\u1ee7a n\u00f3 \u0111\u1ed1i v\u1edbi n\u1ec1n kinh t\u1ebf.<\/span><\/div>\n<\/div>\n
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a. L\u1ea1m ph\u00e1t<\/span><\/em><\/strong><\/div>\n<\/div>\n
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L\u1ea1m ph\u00e1t \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn thu nh\u1eadp th\u1ef1c t\u1ebf c\u1ee7a ng\u01b0\u1eddi lao \u0111\u1ed9ng. Thu nh\u1eadp danh ngh\u0129a tuy kh\u00f4ng thay \u0111\u1ed5i nh\u01b0ng thu nh\u1eadp th\u1ef1c t\u1ebf l\u1ea1i gi\u1ea3m. B\u1edfi l\u1ebd, gi\u00e1 tr\u1ecb h\u00e0ng ho\u00e1 d\u1ecbch v\u1ee5 t\u0103ng cao, c\u00f3 ngh\u0129a l\u00e0 v\u1edbi c\u00f9ng m\u1ed9t thu nh\u1eadp, th\u00ec ng\u01b0\u1eddi lao \u0111\u1ed9ng s\u1ebd mua \u0111\u01b0\u1ee3c \u00edt h\u00e0ng ho\u00e1 h\u01a1n. Gi\u00e1 tr\u1ecb \u0111\u1ed3ng ti\u1ec1n b\u1ecb gi\u1ea3m d\u1ea7n. Do \u0111\u00f3, thu nh\u1eadp th\u1ef1c t\u1ebf c\u1ee7a ng\u01b0\u1eddi lao \u0111\u1ed9ng b\u1ecb gi\u1ea3m.<\/span><\/div>\n<\/div>\n
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Gi\u00e1 tr\u1ecb \u0111\u1ed3ng ti\u1ec1n gi\u1ea3m khi l\u1ea1m ph\u00e1t t\u0103ng khi\u1ebfn l\u00e3i su\u1ea5t t\u0103ng l\u00ean. V\u00ec th\u1ebf ng\u01b0\u1eddi lao \u0111\u1ed9ng s\u1ebd c\u00f3 l\u1ee3i trong vi\u1ec7c vay tr\u1ea3 v\u1ed1n g\u00f3p. Nh\u1eefng vi\u1ec7c n\u00e0y l\u1ea1i khi\u1ebfn t\u00ecnh tr\u1ea1ng v\u01a1 v\u00e9t h\u00e0ng h\u00f3a v\u00e0 ch\u1edd \u0111\u1ea7u c\u01a1 l\u00e0m m\u1ea5t c\u00e2n b\u1eb1ng cung c\u1ea7u tr\u00ean th\u1ecb tr\u01b0\u1eddng. T\u00ecnh tr\u1ea1ng nh\u1eefng ng\u01b0\u1eddi d\u00e2n ngh\u00e8o kh\u00f4ng c\u00f3 \u0111\u1ee7 h\u00e0ng h\u00f3a \u0111\u1ec3 s\u1eed d\u1ee5ng trong cu\u1ed9c s\u1ed1ng h\u00e0ng ng\u00e0y c\u00e0ng ph\u1ed5 bi\u1ebfn. Ng\u01b0\u1eddi gi\u00e0u l\u1ea1i c\u00e0ng gi\u00e0u c\u00f3 h\u01a1n l\u00e0m r\u1ed1i lo\u1ea1n n\u1ec1n kinh t\u1ebf, t\u1ea1o ra thu nh\u1eadp kh\u00f4ng b\u00ecnh \u0111\u1eb3ng.<\/span><\/div>\n<\/div>\n
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\u1ede m\u1ee9c \u0111\u1ed9 qu\u1ed1c gia, khi l\u1ea1m ph\u00e1t t\u0103ng cao d\u1eabn \u0111\u1ebfn t\u1ef7 gi\u00e1 gi\u00e1 t\u0103ng. Cho n\u00ean \u0111\u1ed3ng ti\u1ec1n trong n\u01b0\u1edbc m\u1ea5t gi\u00e1 h\u01a1n so v\u1edbi n\u01b0\u1edbc ngo\u00e0i. Ch\u00ednh ph\u1ee7 \u0111\u01b0\u1ee3c l\u1ee3i t\u1eeb ngu\u1ed3n ti\u1ec1n trong n\u01b0\u1edbc nh\u01b0ng l\u1ea1i thi\u1ec7t so v\u1edbi ngo\u1ea1i t\u1ec7 l\u00e0m t\u00ecnh tr\u1ea1ng n\u1ee3 qu\u1ed1c gia ng\u00e0y m\u1ed9t tr\u1ea7m tr\u1ecdng h\u01a1n.<\/span><\/div>\n<\/div>\n
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b. Gi\u1ea3m ph\u00e1t<\/span><\/em><\/strong><\/div>\n<\/div>\n
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\u0110\u1ed1i ngh\u1ecbch v\u1edbi l\u1ea1m ph\u00e1t gi\u1ea3m ph\u00e1t. Hi\u1ec7n t\u01b0\u1ee3ng n\u00e0y l\u00e0m gi\u00e1 tr\u1ecb h\u00e0ng ho\u00e1 gi\u1ea3m ho\u1ea1t \u0111\u1ed9ng kinh t\u1ebf c\u0169ng ng\u01b0ng tr\u1ec7 theo. H\u1ed9 gia \u0111\u00ecnh ho\u00e3n chi ti\u00eau ch\u1edd gi\u1ea3m gi\u00e1 s\u00e2u h\u01a1n, doanh nghi\u1ec7p ng\u1eebng \u0111\u1ea7u t\u01b0 v\u00e0 tuy\u1ec3n d\u1ee5ng nh\u1eb1m ti\u1ebft ki\u1ec7m chi ph\u00ed.<\/span><\/div>\n<\/div>\n
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Gi\u1ea3m ph\u00e1t k\u00e9o d\u00e0i c\u00f9ng v\u1edbi l\u00e3i su\u1ea5t th\u1ea5p k\u00e9o theo nh\u1eefng h\u1ec7 l\u1ee5y nh\u01b0 s\u1ea3n l\u01b0\u1ee3ng \u0111\u00ecnh \u0111\u1ed1n v\u00e0 suy tho\u00e1i. K\u1ef3 v\u1ecdng gi\u1ea3m ph\u00e1t t\u1ea1o ra l\u00e3i su\u1ea5t th\u1ef1c t\u0103ng g\u00e2y ra suy tho\u00e1i m\u1edf r\u1ed9ng. Suy tho\u00e1i k\u00e9o d\u00e0i v\u00e0 gi\u1ea3m ph\u00e1t li\u00ean t\u1ee5c l\u00e0m cho ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 m\u1ea5t t\u00e1c d\u1ee5ng.<\/span><\/div>\n<\/div>\n
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V\u1edbi n\u1ec1n kinh t\u1ebf v\u0129 m\u00f4, n\u1ebfu gi\u1ea3m ph\u00e1t kh\u00f4ng \u0111\u01b0\u1ee3c can thi\u1ec7p k\u1ecbp th\u1eddi, n\u00f3 s\u1ebd tr\u1edf n\u00ean ng\u00e0y c\u00e0ng dai d\u1eb3ng. Khi m\u00e0 gi\u00e1 c\u1ea3 gi\u1ea3m, t\u00ecnh tr\u1ea1ng thi\u1ebfu vi\u1ec7c l\u00e0m v\u00e0 ng\u01b0\u1eddi ti\u00eau d\u00f9ng t\u00edch tr\u1eef ti\u1ec1n v\u1edbi d\u1ef1 \u0111o\u00e1n l\u00e0 gi\u00e1 c\u1ea3 c\u00f2n gi\u1ea3m n\u1eefa th\u00ec \u0111i\u1ec1u n\u00e0y s\u1ebd l\u00e0m h\u1ea1i n\u1ec1n kinh t\u1ebf, nh\u01b0 ki\u1ec3u truy\u1ec1n l\u1ef1c cho th\u00f3i quen ti\u1ebft ki\u1ec7m v\u00e0 c\u1ee9 th\u1ebf xo\u00e1y xu\u1ed1ng.<\/span><\/div>\n<\/div>\n
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Vi\u1ec7c gi\u1ea3m gi\u00e1, n\u1ebfu t\u1ed3n t\u1ea1i, s\u1ebd t\u1ea1o ra m\u1ed9t v\u00f2ng xo\u00e1y x\u1ea5u d\u1eabn \u0111\u1ebfn gi\u1ea3m l\u1ee3i nhu\u1eadn. \u0110\u00f3ng c\u1eeda c\u00e1c nh\u00e0 m\u00e1y h\u00e0ng lo\u1ea1t, th\u1ea5t nghi\u1ec7p gia t\u0103ng. Gi\u1ea3m thu nh\u1eadp v\u00e0 l\u00e0m t\u0103ng vi\u1ec7c v\u1ee1 n\u1ee3 t\u1eeb c\u00e1c kho\u1ea3n vay c\u1ee7a c\u00f4ng ty v\u00e0 c\u00e1 nh\u00e2n c\u0169ng l\u00e0 nh\u1eefng h\u1eadu qu\u1ea3 n\u1eb7ng n\u1ec1 t\u1eeb gi\u1ea3m ph\u00e1t.<\/span><\/div>\n<\/div>\n
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4. L\u1ea1m ph\u00e1t v\u00e0 gi\u1ea3m ph\u00e1t l\u00e0 t\u1ed1t hay x\u1ea5u?<\/span><\/em><\/strong><\/div>\n<\/div>\n
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Gi\u1ea3m ph\u00e1t v\u00e0 l\u1ea1m ph\u00e1t l\u00e0 hai hi\u1ec7n t\u01b0\u1ee3ng kh\u00e1 th\u01b0\u1eddng g\u1eb7p trong trong m\u1ed9t n\u1ec1n kinh t\u1ebf. \u1ede m\u1ed9t m\u1ee9c \u0111\u1ed9 v\u1eeba ph\u1ea3i n\u00f3 c\u00f3 t\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng. Tuy nhi\u00ean \u1edf m\u1ed9t m\u1ee9c \u0111\u1ed9 cao th\u00ec c\u1ea3 l\u1ea1m ph\u00e1t v\u00e0 gi\u1ea3m ph\u00e1t \u0111\u1ec1u g\u00e2y ra nh\u1eefng h\u1eadu qu\u1ea3 n\u1eb7ng n\u1ec1 nh\u01b0 suy tho\u00e1i, kh\u1ee7ng ho\u1ea3ng kinh t\u1ebf.<\/span><\/div>\n<\/div>\n
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5 . ngo\u00e0i c\u00e1c t\u00ecnh tr\u1ea1ng L\u1ea1m ph\u00e1t v\u00e0 Gi\u1ea3m ph\u00e1t n\u00ean tr\u00ean c\u00f2n c\u00f3 hi\u1ec7n ti\u1ec7ng T\u0103ng ph\u00e1t<\/span> (ti\u00ea\u0301ng Anh la\u0300 Reflation).<\/span><\/div>\n<\/div>\n
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T\u0103ng ph\u00e1t l\u00e0 m\u1ed9t ch\u00ednh s\u00e1ch t\u00e0i kh\u00f3a ho\u1eb7c ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng \u0111\u1ec3 t\u0103ng s\u1ea3n l\u01b0\u1ee3ng s\u1ea3n xu\u1ea5t, k\u00edch th\u00edch chi ti\u00eau v\u00e0 h\u1ea1n ch\u1ebf \u1ea3nh h\u01b0\u1edfng c\u1ee7a gi\u1ea3m ph\u00e1t x\u1ea3y ra sau m\u1ed9t th\u1eddi k\u00ec b\u1ea5t \u1ed5n kinh t\u1ebf ho\u1eb7c suy tho\u00e1i kinh t\u1ebf.<\/span><\/div>\n<\/div>\n
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\u0110\u1eb7c \u0111i\u1ec3m T\u0103ng ph\u00e1t<\/span>\u00a0\u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng v\u1edbi m\u1ee5c \u0111\u00edch ch\u1ed1ng l\u1ea1i s\u1ef1 gi\u1ea3m ph\u00e1t hay s\u1ef1 gi\u1ea3m gi\u00e1 chung cho to\u00e0n b\u1ed9 h\u00e0ng h\u00f3a v\u00e0 d\u1ecbch v\u1ee5 khi l\u1ea1m ph\u00e1t gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 0.<\/span><\/div>\n<\/div>\n
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Gi\u1ea3m ph\u00e1t l\u00e0 m\u1ed9t \u0111i\u1ec1u ki\u1ec7n thay \u0111\u1ed5i n\u1ec1n kinh t\u1ebf trong d\u00e0i h\u1ea1n, th\u01b0\u1eddng \u0111\u1eb7c tr\u01b0ng b\u1edfi s\u1ef1 th\u1ecbnh v\u01b0\u1ee3ng kinh t\u1ebf k\u00e9o d\u00e0i v\u00e0 c\u1ed1 g\u1eafng gi\u1ea3m t\u1ea5t c\u1ea3 c\u00e1c l\u1ef1c l\u01b0\u1ee3ng d\u01b0 th\u1eeba trong th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng.<\/span><\/div>\n<\/div>\n
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Thu\u1eadt ng\u1eef n\u00e0y c\u0169ng \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 m\u00f4 t\u1ea3 ph\u1ea7n \u0111\u1ea7u ti\u00ean c\u1ee7a giai \u0111o\u1ea1n ph\u1ee5c h\u1ed3i kinh t\u1ebf sau m\u1ed9t th\u1eddi gian n\u1ec1n kinh t\u1ebf thu h\u1eb9p (Contraction).<\/span><\/div>\n<\/div>\n
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C\u00e1c ch\u00ednh s\u00e1ch T\u0103ng ph\u00e1t<\/span><\/div>\n
C\u00e1c ch\u00ednh s\u00e1ch t\u0103ng ph\u00e1t th\u01b0\u1eddng bao g\u1ed3m:<\/span><\/div>\n<\/div>\n
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– Gi\u1ea3m thu\u1ebf:<\/em> thu\u1ebf th\u1ea5p h\u01a1n l\u00e0m cho c\u00e1c c\u00f4ng ty v\u00e0 nh\u00e2n vi\u00ean c\u00f3 nhi\u1ec1u ti\u1ec1n nh\u00e0n r\u1ed7i h\u01a1n. C\u00f3 nhi\u1ec1u thu nh\u1eadp h\u01a1n l\u00e0m t\u0103ng chi ti\u00eau trong n\u1ec1n kinh t\u1ebf, n\u00e2ng cao c\u1ea7u v\u00e0 gi\u00e1 c\u1ea3 h\u00e0ng h\u00f3a.<\/span><\/div>\n<\/div>\n
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– Gi\u1ea3m l\u00e3i su\u1ea5t<\/em>: vi\u1ec7c \u0111i vay r\u1ebb h\u01a1n v\u00e0 vi\u1ec7c g\u1eedi ti\u1ebft ki\u1ec7m v\u00e0o c\u00e1c ng\u00e2n h\u00e0ng \u0111em l\u1ea1i \u00edt l\u00e3i h\u01a1n khuy\u1ebfn kh\u00edch c\u00e1c c\u00e1 nh\u00e2n v\u00e0 doanh nghi\u1ec7p chi ti\u00eau nhi\u1ec1u h\u01a1n.<\/span><\/div>\n<\/div>\n
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– Thay \u0111\u1ed5i cung ti\u1ec1n:<\/em> khi c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng t\u0103ng l\u01b0\u1ee3ng ti\u1ec1n t\u1ec7 v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 thanh kho\u1ea3n kh\u00e1c trong h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng, chi ph\u00ed ti\u1ec1n gi\u1ea3m t\u1ea1o ra nhi\u1ec1u kho\u1ea3n \u0111\u1ea7u t\u01b0 h\u01a1n v\u00e0 nhi\u1ec1u ti\u1ec1n h\u01a1n v\u00e0o tay ng\u01b0\u1eddi ti\u00eau d\u00f9ng.<\/span><\/div>\n<\/div>\n
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– C\u00e1c d\u1ef1 \u00e1n v\u1ed1n:<\/em> c\u00e1c d\u1ef1 \u00e1n \u0111\u1ea7u t\u01b0 l\u1edbn t\u1ea1o ra nhi\u1ec1u vi\u1ec7c l\u00e0m, th\u00fac \u0111\u1ea9y t\u1ec9 l\u1ec7 vi\u1ec7c l\u00e0m v\u00e0 l\u01b0\u1ee3ng ng\u01b0\u1eddi c\u00f3 s\u1ee9c m\u1ea1nh chi ti\u00eau.<\/span><\/div>\n<\/div>\n
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Nh\u00ecn chung, c\u00e1c bi\u1ec7n ph\u00e1p t\u0103ng ph\u00e1t nh\u1eb1m m\u1ee5c \u0111\u00edch n\u00e2ng cao c\u1ea7u h\u00e0ng h\u00f3a b\u1eb1ng c\u00e1ch \u0111\u01b0a nhi\u1ec1u ti\u1ec1n h\u01a1n v\u00e0o t\u00fai ng\u01b0\u1eddi d\u00e2n v\u00e0 c\u00e1c c\u00f4ng ty \u0111\u1ec3 t\u1ea1o \u0111\u1ed9ng l\u1ef1c chi ti\u00eau l\u1edbn h\u01a1n.<\/span><\/div>\n<\/div>\n
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V\u00ed d\u1ee5 v\u1ec1 T\u0103ng ph\u00e1t<\/span><\/div>\n
Tr\u01b0\u1edbc cu\u1ed9c \u0110\u1ea1i suy tho\u00e1i, n\u1ec1n kinh t\u1ebf M\u1ef9 gi\u1ea3m nhi\u1ec7t v\u00e0 Fed \u0111\u00e3 c\u1ed1 g\u1eafng t\u1ea1o ra l\u1ea1m ph\u00e1t sau khi s\u1eed d\u1ee5ng m\u1ed9t s\u1ed1 c\u00f4ng c\u1ee5 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 khuy\u1ebfn kh\u00edch t\u0103ng ph\u00e1t nh\u01b0 gi\u1ea3m l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n v\u00e0 t\u0103ng cung ti\u1ec1n.<\/span><\/div>\n<\/div>\n
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Cho \u0111\u1ebfn cu\u1ed9c b\u1ea7u c\u1eed T\u1ed5ng th\u1ed1ng Donald Trump, n\u1ec1n kinh t\u1ebf M\u1ef9 m\u1edbi b\u1eaft \u0111\u1ea7u t\u00ecnh tr\u1ea1ng t\u0103ng ph\u00e1t t\u00e0i kh\u00f3a.<\/span><\/div>\n<\/div>\n
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T\u1ed5ng th\u1ed1ng Trump \u0111\u00e3 cam k\u1ebft m\u1ed9t d\u1ef1 lu\u1eadt c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng ngh\u00ecn t\u1ec9 \u0111\u00f4 la v\u00e0 c\u1eaft gi\u1ea3m thu\u1ebf s\u00e2u v\u1edbi hi v\u1ecdng c\u00e1c bi\u1ec7n ph\u00e1p n\u00e0y s\u1ebd th\u00fac \u0111\u1ea9y n\u1ec1n kinh t\u1ebf ph\u00e1t huy h\u1ebft c\u00f4ng su\u1ea5t.<\/span><\/div>\n<\/div>\n
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Nh\u1eefng b\u00ean \u0111\u01b0\u1ee3c l\u1ee3i nhi\u1ec1u nh\u1ea5t t\u1eeb t\u0103ng ph\u00e1t l\u00e0 c\u00e1c h\u00e0ng h\u00f3a, ng\u00e2n h\u00e0ng v\u00e0 c\u1ed5 phi\u1ebfu gi\u00e1 tr\u1ecb.<\/span><\/div>\n<\/div>\n
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C\u1ea7n ph\u00e2n bi\u1ec7t t\u0103ng ph\u00e1t v\u1edbi l\u1ea1m ph\u00e1t l\u00e0 hai kh\u00e1i ni\u1ec7m ho\u00e0n to\u00e0n kh\u00e1c bi\u1ec7t nhau.<\/span><\/em><\/div>\n<\/div>\n
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– Th\u1ee9 nh\u1ea5t, t\u0103ng ph\u00e1t kh\u00f4ng x\u1ea5u. N\u00f3 l\u00e0 th\u1eddi k\u00ec gi\u00e1 t\u0103ng khi m\u1ed9t n\u1ec1n kinh t\u1ebf \u0111ang ph\u1ea5n \u0111\u1ea5u \u0111\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c to\u00e0n d\u1ee5ng vi\u1ec7c l\u00e0m v\u00e0 t\u0103ng tr\u01b0\u1edfng.<\/span><\/div>\n<\/div>\n
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– M\u1eb7t kh\u00e1c, l\u1ea1m ph\u00e1t th\u01b0\u1eddng \u0111\u01b0\u1ee3c coi l\u00e0 x\u1ea5u v\u00ec n\u00f3 \u0111\u1eb7c tr\u01b0ng b\u1edfi gi\u00e1 c\u1ea3 t\u0103ng trong th\u1eddi k\u00ec n\u1ec1n kinh t\u1ebf ho\u1ea1t \u0111\u1ed9ng h\u1ebft c\u00f4ng su\u1ea5t.<\/span><\/div>\n<\/div>\n
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Hay c\u00f3 th\u1ec3 n\u00f3i, t\u0103ng ph\u00e1t l\u00e0 l\u1ea1m ph\u00e1t c\u1ed1 t\u00ecnh \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n \u0111\u1ec3 l\u00e0m gi\u1ea3m suy tho\u00e1i kinh t\u1ebf.<\/span><\/div>\n<\/div>\n
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Ngo\u00e0i ra, gi\u00e1 t\u0103ng d\u1ea7n d\u1ea7n trong th\u1eddi k\u00ec t\u0103ng ph\u00e1t v\u00e0 t\u0103ng nhanh trong th\u1eddi k\u00ec l\u1ea1m ph\u00e1t. V\u1ec1 b\u1ea3n ch\u1ea5t, t\u0103ng ph\u00e1t c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 l\u1ea1m ph\u00e1t \u0111\u01b0\u1ee3c ki\u1ec3m so\u00e1t.<\/span><\/div>\n<\/div>\n
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S\u01afU T\u1ea6M<\/span><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

L\u1ea1m ph\u00e1t v\u00e0 gi\u1ea3m ph\u00e1t l\u00e0 hai hi\u1ec7n t\u01b0\u1ee3ng \u0111\u1ed1i l\u1eadp nhau trong m\u1ed9t n\u1ec1n kinh t\u1ebf. V\u1eady L\u1ea1m ph\u00e1t, Gi\u1ea3m ph\u00e1t l\u00e0 g\u00ec? n\u00f3 \u1ea3nh h\u01b0\u1edfng th\u1ebf n\u00e0o \u0111\u1ebfn kinh t\u1ebf? Ch\u00fang ta s\u1ebd \u0111\u01b0\u1ee3c bi\u1ebft c\u00e1c n\u1ed9i dung n\u00e0y nh\u01b0 sau: 1. L\u1ea1m ph\u00e1t l\u00e0 g\u00ec? L\u1ea1m ph\u00e1t l\u00e0 s\u1ef1 t\u0103ng m\u1ee9c gi\u00e1 chung m\u1ed9t c\u00e1ch li\u00ean t\u1ee5c […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[21,22],"tags":[],"_links":{"self":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/3352"}],"collection":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3352"}],"version-history":[{"count":3,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/3352\/revisions"}],"predecessor-version":[{"id":3355,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/3352\/revisions\/3355"}],"wp:attachment":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3352"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}