All of these economies were already growing anemically and below trend, as the ongoing process of deleveraging required a slowdown of public and private spending in order to increase saving rates and reduce debts. And now, in addition to the string of “black swan” events that advanced economies have faced this year, monetary and fiscal stimulus has been removed in most of them, or soon will be.
所有这些经济体依然增长乏力、低于预期，而长路漫漫的去杠杆化又要求削减公私开销，以增加储蓄率、削减债务。如今，发达经济体除了遭遇一系列“黑天鹅”事件之外，很多已经结束了货币或财政刺激阶段，或很快就要结束。