The US could then maintain its recovery only by continuing to run large budget deficits and again tolerating debt-financed consumer demand.

然后，美国可能只有通过继续运营巨额预算赤字和再次容忍通过举债满足的消费者需求，来维持本国的复苏。

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VAT was cut from 17.5% to 15% in November's pre-budget report in an attempt to kick-start consumer spending.

11月公布的先期预算报告把增值税从17.5%降到了15%，试图重新刺激消费者的支出。

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U.S. economic data due for release Friday includes the producer price index, the University of Michigan consumer sentiment survey, and the monthly Treasury budget statement.

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The deterioration in consumer spending in turn pushes unemployment higher, creating new budget shortfalls and deeper austerity measures on countries like Spain, Italy and France.

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Such indicators include March softening of U.S. manufacturing, persistent high unemployment especially among Millennials, a record number of Americans on food stamps and in poverty, up-and-down consumer confidence, and multi-trillion-dollar federal budget deficits.

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