正是一场几乎摧毁了英国金融体系的金融危机开启了这次经济衰退，而这一开端便预示了一个繁荣的经济体将滑向衰落。

The genesis of the downturn—a financial crisis that came close to toppling Britain’s banking system—is one that augurs ill for a robust recovery.

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但对过于50年的大多数时间来说则是一种相对衰落，包括1990s早期的一次严重衰退(见图1)。

But for most of the past 50 years the story has been one of relative decline, including a deep recession in the early 1990s (see chart 1).

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豪华酒店及度假村在经济衰退期间衰落得厉害，因为商务旅行策划者回避浪费，而消费者计划节俭，如果有休假的话。

Luxury hotels and resorts have fallen on hard times during the recession, as corporate travel planners shy away from lavish spending and consumers plan thrifty, if any, vacations.

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