Economy: Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports.

总体经济：经济活动在第二季度出现扩张，这部分反映了消费支出和出口的强劲增长。

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Inflationary pressures have started to moderate in a number of countries, partly reflecting a marked decline in energy and other commodity prices.

许多国家的通货膨胀压力都已经开始有所缓和，这在某种程度上反映了能源等大宗商品价格的明显回落。

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The fall in HK deposits was across-the-board, partly reflecting the less buoyant asset markets.

八月份各类港元存款均告下跌，部分原因是资产市场活动放缓。

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Eight of the ten dearest cities are in Europe, partly reflecting the strength of European currencies.

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Growth in such spending from government-funded entities also slipped to 4%, partly reflecting lower growth in U.S. government contributions.

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"Economic growth is moderating from its quite-strong pace earlier this year, partly reflecting a gradual cooling of the housing market, " the Fed said.

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