If the imbalances are to unwind, America needs to accept a period in which domestic demand grows more slowly than output.
如果不平衡状况有所缓解,美国则要进入另一个时期——国内需求增长落后于供给增长时期。
Suppose that net exports contribute nothing to growth, and that domestic demand grows at roughly the same pace as it has in the past five years.
假设净出口对经济增长不起作用,内需的增长速度大概同过去五年相当。
As domestic demand grows, the proportion of export to domestic sales will change significantly. Import will also increase, and the balance of payments surplus will decrease accordingly.
内需扩大后,出口和内销的比例会发生较大的变化,进口也会扩大,相应地国际收支顺差会减少。
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