去年经济可能下降1%，而消费下降得更多。

The economy probably shrank by 1% last year, but consumer spending fell by more.

youdao

出口部门受到成本上升和货币升值甚至在海外消费下降以前已经受到了打击。

The export sector was hit by rising costs and an appreciating currency even before consumption overseas dropped.

youdao

我们是否会再次经历萧条（定义为实际人均GDP或消费下降10%或以上）呢？

Could we even experience a depression (defined as a decline in per-person GDP or consumption by 10% or more)?

youdao

So, the whole world-- everyone's consumption around the world would go down.

所以，整个世界-,每个人的消费能力都下降了。

耶鲁公开课 - 金融市场课程节选