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持续的通货膨胀
Indeed, as the effects of stimulus programs wear off, new weaknesses are emerging, such as persistent inflation in India and credit misallocation in China. Given this, the notion that emerging economies will recapture the growth levels of the bubble years seems farfetched.
Indeed, as the effects of stimulus programs wear off, new weaknesses are emerging, such as persistent inflation in India and credit misallocation in China.
事实上,随着刺激计划效力的减弱,新弱点正在浮现,比如印度持续的通货膨胀和中国的信用错配。
"If you asked him how quickly changes in interest rates affect each economy, or how persistent inflation in Europe is compared to America, he'd know," says an economist who works in the same field.
Controls of prices and foreign exchange could not prevent persistent inflation and engendered shortages of staple goods.
对物价和外汇的控制无法抑制顽固的通货膨胀和由此产生的支柱产品短缺。
This will be especially true as the signs of economic recovery become more apparent. If the adjustment is carried out too early, it may cause the incipient recovery to run out of steam, and if policy makers are too cautious and delay the timing of the switch, they risk the scourge of persistent inflation.
But Zhu recognized that allowing such rapid growth probably would have done more harm than good, given persistent inflation and macroeconomic instability.
但朱镕基认识到,由于持续的通胀和宏观经济不稳,让经济以如此高速增长可能弊大于利。
China's steadily strengthening renminbi, persistent inflation and soaring blue-collar wages have combined to erase much or all of the cost advantage of domestic production for a long list of commodities. At the same time, tightening pollution regulations have made it harder for steel mills to use China's low-grade iron ore reserves or for power plants to burn China's low-quality coal.
A protracted blackout disrupted the lives of an estimated 300m people across northern India on Monday, as the aspiring superpower s fragile infrastructure added to the woes of a government already struggling to manage the slowing economy, persistent inflation and the failure of the monsoon rains.
The latter has a negative impact on the efficiency of Haitian institutions and on the macroeconomic framework, characterized by persistent inflation and fiscal deficits.
后者对海地机构的效率、对宏观经济框架产生消极影响,特点是通货膨胀和财政赤字持续存在。
In Brazil, the government struggles to balance its populist agenda with lower commodity prices, dwindling growth, and persistent inflation.
在巴西,政府难以在其民粹主义日程和下跌的大宗商品价格、低迷的增长和持久的通胀之间取得平衡。
At the same time, problems like chronic inflation, and deflation for that matter, can crop up unexpectedly and then be hard to thwart once they've reared their ugly heads. Sure, the developed world's main problem today is deflation, but Ito's point is that if you rely solely on the central bank to fund your debt for too long, people will look elsewhere to store their cash. One need only look to the U.S. economy in the 1960s and 1970s to see how quickly persistent inflation can turn into a serious economic problem. As economist Christina Romer points out in a 2007 paper, the inflation during that period was partly the result of policymakers' overoptimistic assumptions about the U.S. economy.
That is very ironic because the Gini coefficient measures income inequality and the Lamborghini, which can set a buyer back $300,000, is not an uncommon sight on the streets of big Chinese cities, an object of resentment among ordinary people who view it as a symbol of how a few people are amassing tremendous wealth as many struggle with low incomes, low bank deposit rates, high property prices and persistent inflation.
In a speech on Thursday, Rousseff attacked critics of her government s Cup preparations and called on the nation to welcome Cup visitors with the hospitality that is part of the Brazilian soul. After a near-decade of steady growth before she took office, Brazil now struggles with a sluggish economy, persistent inflation, increasing crime and lacklustre investment.
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