The 1Q 2008 financial results of Chinese listed companies surprised almost universally on costs, especially wage costs.
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In Europe, although wage restraint has kept costs down and employment up, especially in Germany, it has also kept consumer spending down.
在欧洲，虽然工资控制使得成本下降，就业率上升(特别是德国)，但是它也抑制了消费者的支出。
Such imbalances can reflect shifts in competitiveness and warn of trouble ahead —especially , perhaps , in a currency union where the costs of wage adjustment are high .
如此的非平衡反应了竞争力的转移并发出警告，困难很有可能就在那些尤其工资成本调整偏高的货币区眼前。
Such imbalances can reflect shifts in competitiveness and warn of trouble ahead —especially , perhaps , in a currency union where the costs of wage adjustment are high .
这种赤字水平往往预示竞争力的变化和将来的麻烦-尤其是一个在工资调整代价高昂的货币联盟内，可能更明显。
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