LAGUNA BEACH – The world is increasingly characterized by divergence – in economic performance, monetary policy, and thus in financial markets. Global divergence has already contributed to stock-market volatility, unprecedented declines in advanced economies' government bond yields, and outsize currency movements.
拉古纳海滩——无论在经济表现、货币政策还是金融市场方面，世界经济已经尽显差异。全球差异已导致股市波动、发达国家政府债券收益率史无前例的下降及汇率的波动走势。而且上述趋势并无减弱迹象，这给本已紧张的政治制度带来了越来越大的压力。