In previous downturns, Asians were forced to take nasty medicine.
在以往的衰退中，亚洲人被迫吞下苦果。
In previous downturns, real rates turned negative only at or after the end of the recession.
在之前的低迷时期，实际利率只有在衰退结束时或者衰退结束之后才为负数。
In previous downturns, businesses have cut back on overseas assignments to reduce costs.
在以往的经济低迷期，为了降低成本，企业会减少外派员工。
Structural changes in Europe’s labour markets suggest that jobs will go faster than in previous downturns.
欧洲劳动力市场的结构变化意味着失业速度快于以往经济下滑时期。
In previous downturns, consumers mostly kept spending, thanks in large part to easily available credit from Banks and credit-card companies.
在过去的经济萧条中，消费者能维持大部分开支，这很大程度上得益于可以很容易地从银行和信用卡公司取得信贷。
Yet most emerging economies are still widely expected to hold up much better than in previous global downturns.
然而绝大多数新兴国家仍然预计会比在上次衰退时表现的更好。
Asia's recoveries from previous downturns have been led by a rebound in exports to the rich world.
亚洲以往衰退后的复苏得益于与世界上的富有国家进行出口贸易。
That is close to the 0.9% average at the equivalent stage of the six previous downturns. But the drop in output has been milder.
换句话说，0.9%相当于六年前衰退的平均水平。不过产出下降得比较轻微。
That is close to the 0.9% average at the equivalent stage of the six previous downturns. But the drop in output has been milder.
换句话说，0.9%相当于六年前衰退的平均水平。不过产出下降得比较轻微。
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