如果动乱蔓延至阿尔及利亚且威胁到它的石油工业，用以缓冲的闲置产能可能跌至2008年的水平。

If disturbances hit Algeria and threaten its oil industry too, the buffer of spare capacity would fall below where it stood in 2008.

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企业开支确实很低，但还不至于低到期待造成普遍的产能过剩或削弱消费开支的水平。

Business spending is indeed low, but no lower than one would have expected given widespread overcapacity and weak consumer spending.

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以目前半导体设备的出货量计算，半导体行业的年度资本支出将达到400亿至500亿美元，在过去，这一支出水平往往表明，芯片制造产能将出现大幅度的增长。

Tool shipments are running at a rate suggesting annual semiconductor capital spending of $40bn to $50bn, a level that has tended to cause meaningful rises in chip manufacturing capacity in the past.

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