With the decline in industrial production has come an immediate fall in commodity prices-more than a 50 percent drop in oil prices and more than 40 percent in non-oil commodity prices.

伴随工业生产的下降，出现大宗商品价格骤跌——油价骤跌50%以上，非石油类大宗商品价格骤跌40%以上。

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That may no longer be so. Economists at HSBC say that the correlations between industrial output and commodity prices began to fall apart a few years ago.

汇丰银行分析师认为工业产出同大宗商品价格的联系在几年前就开始逐渐降低。

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At the same time, falling demand is depressing industrial production, and declining commodity prices are squeezing the fiscal position of many export-dependent economies.

与此同时，需求下滑导致工业生产低迷，而大宗商品价格下跌则使许多依赖出口的经济体财政捉襟见肘。

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Industrial commodity plays stand at 50- year lows relative to their revenues.

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