As the business cycle matures,there is more chance that the economy will overheat,because of bottlenecks in the jobs market;
随着商业周期走到头,由于就业市场的瓶颈,经济将会过热的可能性越来越大;
or that the central bank overtightens in order to prevent things from running too hot.
为防止事态过热,央行过度收紧的可能性也越来越大。
The longer the economy keeps growing,moreover,the more scope there is for financial imbalances,such as excess debt or frothy asset prices, to build up.
经济体越长时间地保持增长,过度债务或者是泡沫化的资产价格等金融失衡逐步累积的空间就越大。
Some warning signals are flashing.
一些警示信号正在闪烁。
The gap between long-term and short-term interest rates has narrowed,as it tends to before recessions.
长短利率差已经如其在危机之前常常好出现的那样缩小。
Yet the evidence for overheating is thin.
然而,过热的证据是贫乏的。
Inflation has trended lower this year.
今年以来,通胀一路走低。
Wage growth has picked up a little,thankfully,but shows few signs of accelerating.
好在工资增长有所抬头,但没有显现出多少加速的迹象。
Pay would have to increase by quite a lot more before rising inflation is a real worry.
工资支付不得不在日渐上升的通胀之前大幅增长是一个确切的担忧。
1.interest rates 利率
例句:High interest rates have stunted economic growth.
好利率已经阻碍了经济的增长。
2.picked up 捡起;收拾
例句:I picked up the phone book and glanced through it.
我拿起电话簿,匆匆扫了一遍。
3.Wage growth 工资增长
例句:Wage growth is moderate everywhere,in spite of tight labour markets.
尽管劳动力市场供应紧张,但球各国的工资增长颇为温和。
4.in order to 为了
例句:In order to transform their environment,he drew up the project with painstaking accuracy.
为了改造环境,他苦心孤诣地制订了这个计划。
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