当工资涨幅低于GDP涨幅时，就发生产能过剩，从而导致经常账户出现盈余。
When wages rise more slowly than productivity, an economy produces more than it can consume, resulting in a current-account surplus.
美国10月份零售价格水平涨幅低于预期，除了波动剧烈的食品和能源价格外，物价水平保持不变。
Prices at the retail level rose less than expected last month, and were unchanged when volatile food and energy prices were stripped out.
而且，资产价格也未显著上涨：过去12个月，平均房价涨幅低于6%；股价在过去四年也仅上升42%。
Average house prices have risen by less than 6% in the past 12 months. And share prices have gained only 42% in the past four years.
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