The first half of 2011 showed a slowdown of growth – if not outright contraction – in most advanced economies. Optimists said this was a temporary soft patch. This delusion has been dashed. Even before last week’s panic, the US and other advanced economies were odds-on for a second severe recession.
2011年上半年，大多數發達經濟體的增長都出現了減速——如果說不是直截了當的萎縮。樂觀主義者表示，這種增長疲軟只是暫時現象。可如今這種錯覺已然破滅。甚至在上周的恐慌出現之前，美國和其它發達經濟體就很可能再度陷入嚴重的衰退。
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