正文
英国市场正在闹情绪?
It is not surprising that Britain's largest economic downturn since the war should have seen the largest ever peacetime government budget deficit. By the end of this year Britain's output will have fallen by about 5 per cent since the crisis started; in the same period the budget deficit will have risen by between 5 per cent and 8 per cent of output. Arithmetic so simple that even a child can understand it: smaller output, smaller revenues, larger deficit. And the corollary: larger output, larger revenues, smaller deficit.
在英国陷入战后最严重经济衰退之际,政府的预算赤字也应达到和平时期的最高水平,这并不让人感到意外。到今年年底,英国的产出将比危机开始时下降约5%,与此同时,预算赤字占产出的比重将上升5%到8%。连小孩子都能理解其中简单的算术关系:产出减少,收入减少,赤字增加。以此类推:产出增加,收入增加,赤字减少。
The deficit for 2009-10 is projected to be £178bn (
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