recessions

Recessions are a natural part of life, think of it as a baby evolution that makes adjustments and restores things to a more balances manner.

经济衰退是人类生活的自然属性，它仿佛一次小型的进化过程，通过调整修复等手段以求达到经济体内部、及各经济体之间关系的重新平衡。

His view was that the government could expand the money supply during recessions and contract it in the subsequent booms.

他认为，政府可以在衰退时期扩大货币供应，在随后的繁荣时期收紧银根。

One of the reasons was that those recessions were aggravated by crises in the financial sector itself.

原因之一在于，金融领域本身的危机加重了经济衰退。

As I said, these consequences probably won't be as bad as the devastating recessions that racked third-world victims of the same syndrome.

如我所言，这些后果极有可能不至于变得像袭击第三世界的破坏性衰退那么糟糕，虽然从表面上看其症状都是一样。

The length of a downturn can be measured against earlier recessions , but its intensity is harder to quantify and compare.

经济低迷的长度能够通过衰退初期推测出来，但是它的强度较难量化和比较。

Paul Samuelson once said that the stock market had predicted eight of the last five recessions. The same might be said of recoveries.

保罗-萨缪尔森（PaulSamuelson）曾经说过，在过去的5次衰退中，股市预言到了8次。此言或许同样适用于复苏。

"We must be prepared to consider the possibility that periodic mild recessions are a necessary price for avoiding major ones. "

“我们必须做好准备，考虑这种可能性，即周期性的温和衰退是避免严重衰退的必要代价。”

In a paper written a year ago, Mr Hall described such apparently " causeless " recessions as perplexing.

霍尔先生在一年前的文章里这样描述，显然是对这场“无缘无故”的衰退表示困惑。

As the paper says, "There is an intrinsic uncertainty due to recessions, because business structures and practices have to be rearranged. "

正如论文上所说，“衰退本身就具有不确定性，这是因为必须重新安排商业结构和惯例。”

Still, so far some of these indicators have merely gotten back to their worst levels of recent recessions.

不过，到目前为止，其中一些指标只是回到了前几次经济衰退时的最差水平。

Such a policy would not eliminate financial crises or recessions altogether.

这样的政策不会消除金融危机或者经济衰退。

By this point after the past three recessions, it was an average of 87.

三次经济衰退后的相同时期内，此指数平均为87点。

It is only in recessions that this enthusiasm for debt reveals its dangers.

只有在经济衰退时这种对债务的热情才显现出其危险之处。

Forecasters always seem to underestimate the ability of the Asian tigers to rebound from recessions.

预言家们似乎永远都低估亚洲猛虎从经济衰退中复苏的能力。

In comparison, by this point following the eight recessions between World War II and 1982, GDP had already increased 4%, on average.

相比之下，从二战到1982年的8次衰退结束过后，平均算下来到这个时候的增长幅度已经达到了4%。

It used to be that full-time employment fell more slowly than output around recessions; since 1990 it has fallen as, or more, quickly.

过去的情况是全日制工作与产出的衰退速度相等或者更慢，自从1990年以后，前者下降的更多、更快。

He has no time for the theoretical economists' penchant for "efficient" balance sheets that lead companies to insolvency in recessions.

他对理论经济学家对“高效”资产负债表的嗜好不感兴趣，这种资产负债表导致企业在经济衰退时丧失清偿能力。

"It's growing clear that the recession is going to have a shelf life unlike the last recessions in both scope and duration, " he added.

“现在越来越清楚的是这次经济衰退无论是规模还是时间都会与历次经济衰退不同，”他补充说。

Forecasters always seem to underestimate the ability of the Asian tigerstorebound from recessions.

预测者似乎也一直低估亚洲虎从经济衰退中反弓单的能力。

Just as important are the scars left by the financial crises of the late 1990s. Foreign money fled, setting off deep recessions.

上世纪90年代末期那场金融浩劫留下的伤疤外国资本撤离，阻止了进一步经济萧条。