Meanwhile, an overhang of excess supply was building, as security regulators approved a sharply increased volume of initial public offerings in the first half of 2015.

与此同时，随着2015年上半年证券监管机构批准的IPO数量的激增，过度供应问题日渐显现。

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However, as the overhang of excess capacity and debt has disappeared, capital spending is now starting to perk up across Asia.

不过，随着过剩产能和负债的消失，亚洲各地的资本支出都已开始出现回升。

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So the overhang, the excess housing inventory, that is currently assumed to be there might be a lot smaller than assumed.

FORBES: Will Housing Save the US Economy?

Excess capacity and the overhang of corporate debt may prevent full recovery for some time, but most Asian economies could start to see at least some growth by the second half of 1999.

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