Fortunately, rising geopolitical risks – a Middle East on fire, the Russia-Ukraine conflict, Hong Kong’s turmoil, and China’s territorial disputes with its neighbors – together with geo-economic threats from, say, Ebola and global climate change, have not yet led to financial contagion. Nonetheless, they are slowing down capital spending and consumption, given the option value of waiting during uncertain times.
幸运的是，地缘风险的增加——中东战火、俄罗斯-乌克兰冲突、香港动乱以及中国与邻国的领土纠纷——加上埃博拉和全球气候变化等地缘经济威胁尚没有导致金融传染。尽管如此，它们减缓了资本支出和消费，因为在不确定时期，等待是更好的选择。