But the economy has not shrugged off the effect of austerity.

但经济并未摆脱财政紧缩影响。

By contrast, Republicans want further budget austerity.

相比之下, 共和党人则希望进一步紧缩预算。

When the crisis struck, this process also helped avert deflation.

经济危机到来时，上述模式有助于避免通货紧缩。

One is the ongoing fiscal contraction.

第一个因素是持续财政紧缩。

Continuing deflation meant that borrowing money was a bad deal, even with no interest.

持续通货紧缩意味着即使没有利息，借钱也是个糟易。

Premature and forceful monetary tightening could choke off a still-fragile recovery.

过早实行有力货币紧缩可能会阻碍弱经济复苏。

So because of our innovation, we actually experienced deflation.

技术革新导致了通货紧缩。

That's enough to fend off economy-harming deflation.

这些就足以抵御有害于经济通货紧缩影响了。

Voters look at to punish Mr. Samaras for the austerity he's pushed through in government.

选民们希望能惩罚推行紧缩政策萨马拉斯。

We're hearing those numbers will show Europe headed for deflation.

我们听说这些数字表明欧洲正走向通货紧缩。

It's now been two decades since the anti-inflation plan, which changed the currency in Brazil.

巴西实施紧缩性财政政策已经二十年了，这使巴西货币发生了变化。

Guedes said he will also introduce austerity measures and cut taxes.

盖德斯表示其也会采取紧缩措施，并减免赋税。

That's called contractionary fiscal policy, and that's not half as fun.

这被称为紧缩性财政政策，这还不够有趣。

Austerity would rule the day and inequality would increase.

紧缩政策将成为主流，不平等现象将会加剧。

You said it. I think we should tighten our budget and cut our spending.

所以我认为我们应该紧缩预算，减少开支。

Mauricio Macri, the president, introduced an austerity plan and new taxes on exports.

阿根廷总统毛里西奥·马克里(Mauricio Macri)推出了一项紧缩计划，并对出口征收新税。

The third problem is a possible crunch in new financing.

第三个问题是可能出现新融资紧缩。

Doves worry that excessive tightening will lead to a bad recession.

鸽派担心过度紧缩将导致严重经济衰退。

Even if there are not additional firings, Wall Street's retrenchment will take a toll.

即使没有额外裁员，华尔街紧缩也会造成损失。

McDonald's calls this the " summer of value" ; economists call it deflation.

麦当劳把这个套餐称为“超值之夏”，经济学家则称其为通货紧缩。