The appreciation of the dollar exacerbates the situation for US markets, because it creates headwinds for exporters and causes companies’ foreign earnings, reported in dollars, to decline. And a slowdown in productivity growth, together with excessive leverage and persistent public-sector underinvestment, may be undermining medium-term potential economic growth.
美元升值恶化了美国市场的局面，因为这不利于出口商，也导致公司以美元计价的海外盈利下降。而生产率增长的放缓，以及过度负债和公共部门投资持续不足，可能阻碍中期潜在经济增长。