In an economy constrained by low interest rates, a stubborn trade deficit and natural demand for the world's reserve currency, there is little to cushion the blow of austerity.
如果经济受到低利率、顽固的贸易赤字以及世界储备货币自然需求的限制，那么这样的经济几乎不可能缓解财政紧缩带来的冲击。
Its budget deficit is so big it has led to warnings from the credit-rating agencies, in spite of the dollar's reserve currency status.
尽管美元的储备货币有如此地位，但预算赤字是如此之大已经导致来自信用评级公司的警告。
The stability of Vietnam's economy is under scrutiny as the country confronts soaring inflation, a growing deficit, a weakening currency and falling foreign exchange reserves.
越南经济的稳定性备受关注，因为该国正面临通货膨胀加剧、贸易赤字日益增加、货币疲软以及外汇储备下降等问题。
The bilateral deficit fell sharply in 2009, but that was because U.S. demand shriveled in the wake of a recession, not because of currency changes.
2009年美国对华贸易逆差大幅下降，不过那是因为经历衰退之后的美国需求缩水，而不是因为汇率变化。
A country with a persistent current-account deficit might be expected to see its currency fall over the long term.
如果一个国家的经常账户持续处于赤字状态，那它的货币可能会长期下跌。
The currency of a surplus country will, all things being equal, rise in value, while that of a deficit country will sink.
顺差国家的货币，所有的其他东西都一样，会升值，然而，逆差国家的货币会贬值。
New Zealand, where the deficit reached 8% of GDP (bigger than America’s deficit of 6% of GDP at its peak), saw its currency gain 28% over the same period.
新西兰，在那里赤字达到其GDP的8%（比美国的占GDP 6%的赤字峰值还要高），可以看到它的货币在同一时期升了28%。
Thanks to its population growth and the dollar's role as a global currency, America has more fiscal room than any other big-deficit country.
由于其人口增加和美元扮演的全球货币角色，与任何其他具有巨大赤字的国家相比，美国拥有更多的财政空间。
But it is true that, within a single-currency zone, habitual surplus countries tend to be matched by habitual deficit ones.
但是现实如此，在一个统一货币区，通常盈余的国家总是被拿来与经常亏损的国家做对比的。
To them, currency revaluation is a proxy for reducing the trade deficit to zero -or better yet, turning it into a surplus.
在他们看来，汇率的调整只是依托，他们想要的是贸易逆差转为零，甚至转为顺差。
To them, currency revaluation is a proxy for reducing the trade deficit to zero - or better yet, turning it into a surplus.
在他们看来，汇率的调整只是依托，他们想要的是贸易逆差转为零，甚至转为顺差。
The Greek crisis cruelly exposed the EU's inability to police the budget-deficit limits imposed by the stability and growth pact, which is meant to underpin the single currency.
希腊的债务危机极大地暴露了欧盟在管理预算赤字限额上的有心无力，对赤字上限有着硬性规定的《稳定与增长公约》旨在巩固单一货币。
India has a big budget deficit and many Brazilian firms have a large foreign-currency exposure.
印度的预算赤字巨大，而巴西的公司则出现巨大的外汇风险。
Thanks to its population growth and the dollar's role as a global currency, America has more fiscal room than any other big-deficit country. It has been right to use it.
相比其他巨额赤字国家，美国人口的增长和美元的国际性货币地位让它的财政有了更大的回旋余地。
After all, the currency has no yield support, a continuing trade deficit and the prospect of endless fiscal deficits.
毕竟，现金没有收益率，贸易赤字依旧，财政赤字没有尽头。
The euro has weakened 5.8 percent against the dollar this year as concern Greece will struggle to finance its deficit eroded confidence in the European currency.
今年欧元对美元已下降5.8%，由于担心希腊损害了对欧洲货币哦信心。
Spain's consumption boom and ballooning current-account deficit continued unchecked because foreign lenders faced less currency risk.
西班牙的消费繁荣与膨胀的经常项目赤字得以毫无节制地持续下来，正是因为海外债权人的汇率风险减小了。
Only Iceland which has suffered from a whipsaw currency has a larger deficit among developed nations.
在发达国家中，只有冰岛的赤字更大，其货币汇率起伏很大。
The bilateral deficit fell sharply in 2009, but that was because U. s. demand shriveled in the wake of a recession, not because of currency changes.
2009年美国对华贸易逆差大幅下降，不过那是因为经历衰退之后的美国需求缩水，而不是因为汇率变化。
A persistent balance-of-payments deficit can lead to a depletion of a country's reserves of foreign currency, forcing it to devalue its currency.
持续的国际收支逆差会耗尽一国的外汇储备，迫使其货币贬值。
A cheaper currency should, in principle, boost exports and curb imports, narrow the current-account deficit and so reduce the amount of fresh borrowing needed from abroad.
原则上讲，货币贬值会刺激出口而遏制进口，缩小经常性账目赤字，从而减少向外借贷。
By providing deficit-laden countries with short-term foreign currency loans, IMF funds would buy time for countries to bring down their inflation rates and reduce their balance-of-payments deficits.
基金组织通过向这些面临巨额逆差的国家提供短期外币贷款，为这些国家降低通货膨胀率和减少国际收支逆差赢得时间。
By providing deficit-laden countries with short-term foreign currency loans, IMF funds would buy time for countries to bring down their inflation rates and reduce their balance-of-payments deficits.
基金组织通过向这些面临巨额逆差的国家提供短期外币贷款，为这些国家降低通货膨胀率和减少国际收支逆差赢得时间。
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