Should we be concerned about the state of the world economy? Yes: it always makes sense to be concerned. That does not mean something is sure to go badly wrong in the near future. On the contrary, the world economy seems to be heading into just a mild cyclical slowdown. Far more important is the adverse longer-term structural and cyclical context because it makes any short-term swing far more perilous.
我們應該對世界經濟的狀況感到擔憂嗎？是的：我們總是有理由感到擔憂。這并不意味著在不久的將來肯定會出現嚴重問題。相反，世界經濟似乎正在走向溫和的周期性放緩。更重要的是不利的長期結構和周期背景，因為它大大增加了任何短期波動的危險性。
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