The recent economic recovery, as muted as it has been (both in absolute terms and relative to most expectations), has been driven by the experimental policies that central banks have pursued to sustain consumption. Now, with the US Federal Reserve beginning to withdraw monetary stimulus, and with growth in emerging countries slowing, most companies are simply unable to point to massive expansion opportunities.
首先，公司担心产品的未来需求。当前的经济复苏相当无力（不管从绝对水平衡量还是从相对大多数预期角度衡量），并且主要推动力来自央行出于维持消费目的推出的实验性政策。如今，美联储开始回收货币刺激，新兴国家增长也开始减速，许多公司无法找到比较大的扩张机会。