This would do little to bolster exports, which have been hurt by weak external demand rather than declining competitiveness, but would hinder the necessary economic adjustment.

这不仅不能支撑出口(因为出口下降与其说是由于竞争力下降，不如说是由于微弱的外需)，而且还会阻碍必要的经济调整。

youdao

Hitherto, energy-importing emerging economies suffered from a limited ability to borrow, inadequate currency reserves and weak external positions.

以往，进口能源的新兴经济体借款能力有限、外汇储备不足和外部状况疲弱。

youdao

This reflects a protracted period of weak external demand with consequent strongly negative effects on exports and increasing uncertainty about high-growth emerging countries.

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Weak external and domestic demand has weighed on Chinese manufacturers.

BBC: China manufacturing activity shrinks again in September

The economy has been hurt by high interest rates and a weak external environment, which has led to a collapse in private investment, coupled with large fiscal and current-account deficits.

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