The world economy is under threat. In spite of better news from some quarters, Europe is in a clear recession that started in the second half of 2011, and the US economy will undergo a fiscal adjustment in excess of 3 per cent of output at the end of this year. China – along with much of the developing world – is in a deceleration phase.
世界經濟正面臨著威脅。盡管有些地區傳來更好的消息，但歐洲陷入了明顯的衰退，這次衰退始自2011年下半年。而在今年底，美國經濟將經歷一次財政調整，幅度會超過產出的3%。同時，與大多數發展中國家一樣，中國已進入增長放緩階段。
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