Increasing liabilities across the region could also derail fiscal consolidation efforts, with weaker debt sustainability dampening financial market confidence.
很多国家的投资增长预计都会放缓,原因是政府和投资者在财政整顿的大背景下削减或延迟了资本支出。
Investment growth is expected to slow in many countries as governments and investors cut or delay capital expenditures in a context of fiscal consolidation.
文章认为,现在(r-g)的低水平应该被一些高债务水平国家善加利用,进一步进行财政整顿。
The authors conclude that the current low levels of r-g should be used to make progress in fiscal consolidationin countries with high debt levels.
但人们预计,许多国家将在2011年开始采取财政整顿措施。
It is expected though that many countries will begin taking steps towards fiscal consolidation in 2011.
This should involve a credible medium-term programme of fiscal consolidation and the use of responsible macroeconomic policies to avoid the creation of excessive liquidity that leads to volatility in the emerging markets.
因此,如果政策制定者不进行财政整顿,不实施结构性改革,当好时光一去不复返时,糟糕的事情就会发生。
Hence, if policymakers do not make fiscal consolidation and do not implement structural reforms, something bad may happen when the good times pass away.
Considering that a general election must be held by late 2018, direct government spending would become larger, which could further delay Japan's fiscal consolidation goal.”.
While fiscal consolidation was important in the medium term, premature fiscal tightening should be avoided since it might worsen economic and employment conditions.
In the face of calls to phase out stimulus measures for fiscal consolidation, those investments should be made permanent and efforts made to regain fiscal space, including through international cooperation.
Risks to the outlook mainly stem from domestic factors, including weak exports, slow progress on fiscal consolidation, high deficits, and disruptions due to natural disasters.
Risks to the outlook mainly stem from domestic factors, including weak exports, slow progress on fiscal consolidation, high deficits, and disruptions due to natural disasters.
此外,财政整顿必须对社会责任。
In addition, fiscal consolidation must be socially responsible.
财政整顿的进展也大大削弱了。
Also progress in fiscal consolidation has broadly weakened.
复苏力度不大限制了财政整顿的范围.
Moderate strength of recovery limits scope for fiscal consolidation.
只有加速增长;财政整顿才能获得成功。
And only with more rapid growth can fiscal consolidation succeed.
但不要搞错,财政整顿的任务必须继续下去.
But make no mistake the task of fiscal consolidation must continue.
美国担心过早的财政整顿会引发一些风险。
The United States is worried about the risks of excessively early fiscal consolidation.
然而,重点很快转变为财政整顿和紧缩措施。
Soon, however, priority shifted to fiscal consolidation and austerity measures.
此外,宏观经济政策的目标仍然集中在财政整顿。
In addition, macroeconomic policy goals remain focused on fiscal consolidation.
此外,财政整顿不可能迅速解决金融脆弱性问题。
Moreover, fiscal consolidation is not likely to address financial fragility concerns promptly.
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