Both policies would work against the painful recession cycle.

这两个政策都将与令人痛苦的衰退周期相抗衡。

youdao

Just as a recovery needs a self-supporting cycle of rising production, income and spending, so a recession needs the opposite.

正如一次回升需要一个关于生产，收入和支出都处于上升的自给循环，对衰退来说，正是反之亦然。

youdao

But just as the downswing of the inventory cycle deepened the recession, the upswing has boosted the recovery.

但就象为降低库存会加深衰退一样，增加库存也会促进经济的复苏。

youdao

When stock prices imploded during the recent recession, more than a few corporate leaders, in their panic to explain dramatic losses to shareholders (particularly while it was still early in the recession cycle), found the opportunity to suddenly and publicly question other officers for minute or nonexistent infractions.

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This is not your typical recession recovery cycle.

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The high yield spread versus Treasuries is 162 basis points (bp) wider than it was when the economy was already one month into recession in the last cycle.

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