The depreciation of some 25% in sterling's trade-weighted value from mid-2007 had kindled hopes that an export boom and an import slowdown would bolster GDP growth.

自2007年以来英镑已贬值大约25%，这一情况让英国对一个事实重燃希望- - - - - - -出口繁荣与进口降温将推动GDP的增长。

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Nor has stronger trade managed to drag GDP out of the trough, despite sterling's 20% trade-weighted depreciation since before the crash.

ECONOMIST: Britain��s stuttering economy

But the hefty depreciation of around a quarter in sterling's trade-weighted value since mid-2007 will still bolster the economy by making British producers of tradable goods and services more competitive both in foreign markets and at home.

ECONOMIST: Britain's economy: Combating the recession | The