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.
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。在这样的情况下，新兴经济体能恢复泡沫年代的增长水平的概念令人难以相信。