While it is important not to overreact to quarterly figures, recent data, as well as some of the revised data for the first quarter, are deeply disappointing. The pessimism of two years ago has returned – with good reason.
尽管对季度数据不必过度反应，但最新数据以及一些一季度的修正数据令人大失所望。两年前的悲观情绪开始回潮——理由相当充分。