There is something not right about the world economy, or at least the older developed countries. The US seems to be doing reasonably well for now; but even here output is in any case still well below the pre-recession trend. The European economies are much further behind, which says something for the stimulus packages of the US administration, by comparison with the German-led sado-orthodox fiscal policies.
世界經濟有點不對勁,至少在那些老牌發達國家是這樣。美國經濟目前似乎狀況不錯,但其產出仍遠低于衰退前的趨勢線。歐洲各國的情況遠不如美國,說明相對于德國主導的自虐式正統財政政策,美國政府的刺激方案可能效果更好。
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