BERKELEY – The recent G-20 meeting of finance ministers in Saint Petersburg confirmed that the debate between growth and austerity is over – at least for now. With protracted recession in Europe and slowdowns in emerging markets, concern about budget deficits has given way to apprehension about growth.
伯克利—最近在圣彼得堡举行的G20财政会议确认了增长和紧缩之争已经结束——至少在当下是如此。随着欧洲的长期衰退和新兴市场的减速，对预算赤字的担忧已经让位给对增长的担忧。7月，IMF今年第二次下调全球增长预测。