Nationwide, construction starts declined 14.8% in the first two months of 2009 from a year earlier, and purchases of land for development also are still falling. While some economists predict a turnaround by the second half of the year, businesses are still adjusting to what they expect to be a much weaker market. British home-improvement retailer Kingfisher PLC said last week it plans to cut the number of its B&Q stores in China to 41 from 63 this year.
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While some economists predict continued recovery in the future, Baily says the only certainty is that banks are unlikely to make the same mistakes twice.
尽管一些经济学家预测未来经济会继续复苏,贝利却说,唯一可以肯定的是银行不太可能再次犯同样的错误。
While some economists predict continued recovery in the future, Baily says the only certainty is that banks are unlikely to make the same mistakes—twice.
尽管一些经济学家预测未来经济会继续复苏,贝利却说,唯一可以肯定的是银行不太可能再次犯同样的错误。
While some economists predict a turnaround by the second half of the year, businesses are still adjusting to what they expect to be a much weaker market.
尽管一些经济学家预计今年下半年情况会出现好转,但企业仍然预计市场会显著走软,并据此进行调整。
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