It looks as if the global economy is heading for a serious slowdown this year. Emergency austerity programmes in some countries will put a drag on growth. Inventory adjustments will run their course. The effects of tax policies that steal demand from the future – such as the US “cash for clunkers” scheme, tax credits for home buyers or cash for green appliances – will fizzle out. Labour market conditions will remain weak. The slow and painful deleveraging of balance sheets and income-challenged households, financial institutions and governments will continue.
看起来今年manbetx app苹果 manbetx20客户端下载 将出现严重放缓。部分国家实施的紧急财政紧缩计划将拖累manbetx20客户端下载 增长。库存调整将如常进行。那些“窃取”未来需求的税收政策——例如美国的“旧车换现金”计划、面向购房者的税收抵免(tax credit)、或是对环保电器的补贴政策——效应将逐渐消退。劳动力市场仍将萎靡不振。对于企业资产负债表、面临收入压力的家庭、金融机构和政府而言，缓慢而痛苦的去杠杆化过程仍将继续。