当初的日子已一去不返：那时人们将亚洲的迅速增长，解读为对美国或欧洲强劲需求的反映。

Gone are the days when rapid Asian growth was taken to reflect strong US or European demand.

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然而，刺激经济的财政政策在亚洲比在美国或欧洲更有效，因为亚洲家庭不承担巨额债务。 所以税收减免或现金补助更可能用于支出而不是储蓄。

with huge debts, so tax cuts or cash handouts are more likely to be spent than saved.

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