Things are looking up. Led by rising house prices, the US recovery is likely to accelerate this year. Budget deficit projections have declined, too. And although the European economy is stagnant, there is some evidence that stimulative policies are gaining traction in Japan. So this is an opportune moment to reconsider the principles that should guide fiscal policy.
經濟前景正在好轉。受到房價上漲的推動，今年美國復蘇可能會加速。預算赤字預期也有所下降。盡管歐洲經濟停滯不前，但一些跡象表明，刺激政策在日本發揮了作用。因此，這是一個重新考慮財政政策指導原則的好時機。
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