好消息是，市场不像10年(或两年)前那样估值过高了。
The good news is that markets are no longer anywhere near as overvalued as they were 10 (or two) years ago.
第二季度，欧元地区的GDP下降了0.2%(未经修正的暂估值)，比一年前高了1.4%。
GDP in the euro area fell by 0.2% in the second quarter, unrevised from a provisional estimate, leaving it 1.4% higher than a year earlier.
作为前能源部所属的研究部门，企业上市后的估值几乎是明年预计利润的30倍。
The offering is likely to value the firm, the former research arm of the ministry of energy, at nearly 30 times next year's projected profits.
相应的估值倍数很是惊人：是按美国通用会计准则计算的截至2014年（3月）的年度收益的53.2倍，息税折旧摊销前利润的40倍，以及营收的23.4倍。
That kind of valuation brings with it breathtaking multiples: 53.2 times (March) 2014 year end GAAP earnings, 40 times EBITDA, and 23.4 times revenues.
就在年会开始前，国际货币基金组织将本年度的全球经济增长的预估值下调到3.1%，而七月份的估值是3.3%，四月份的估值为3.5%。
Just before the annual meetings, the IMF downgraded its forecast for global economic growth this year to 3.1 percent from the 3.3 percent it forecast in July and the 3.5 percent it projected in April.
就在年会开始前，国际货币基金组织将本年度的全球经济增长的预估值下调到3.1%，而七月份的估值是3.3%，四月份的估值为3.5%。
Just before the annual meetings, the IMF downgraded its forecast for global economic growth this year to 3.1 percent from the 3.3 percent it forecast in July and the 3.5 percent it projected in April.
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