Such fiscal adjustment may be necessary to ensure medium-term debt sustainability, but its immediate effect would lead to a reduction in private and public aggregate demand.

为了保持债务的中期可持续性，这些财政调节措施或许是必要的，但其短期效应将导致私人和公共部门总体需求的减少。

youdao

But in a study of its own the BIS predicted a far more modest effect: less than 0.2 percentage points in most countries, though in the medium term there would be a gain from greater stability.

但BIS自己的研究中预测，效果远没有那么严重：大多数国家不到0.2%的下降，但在中期会由于稳定性的增加而获益。

youdao

The hoped-for effect on employment has not been noticeable while small- and medium-sized firms, particularly in the private sector, complain that they are not getting much of the new cash.

期望中的对就业的拉动尚不明显，而许多中小型企业（尤其是私营企业）纷纷抱怨，表示他们并没有得到多少新资金。

youdao

By going fully electronic and joining up with other futures markets in the region, it hopes, in effect, to combine several medium-sized markets into one big one.

ECONOMIST: From the earth to the sky

The fact that, if enacted, these plans would likely have the biggest effect on deficits in the medium- to long-term would be a plus.

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