There is deep
recession in the French.
法国处于严重的经济衰退之中。
Eric's factory closed down during the period of economic
recession.
埃里克的工厂在经济衰退时期关闭了。
We in Hungary have a clear goal to be a local exception from the continental recession.
我们匈牙利有一个明确的目标，那就是成为欧洲大陆经济衰退的一个例外。
Q1 Given the backdrop of a feared global economic recession, threats to global supply chains and the deep impact of the COVID-19 pandemic, what's your outlook for China's economy and your company's operations in China in 2023?
Q1在令人担忧的全球经济衰退、全球供应链面临威胁以及新冠肺炎疫情的深刻影响的背景下，您对2023年中国经济和贵公司在中国的运营有何展望？
Despite the backdrop of a possible global economic recession, Veolia remains optimistic about China's economy and its operations in the country this year, considering the strong determination of the Chinese government to combat pollution, said Christophe Maquet, senior executive vice-president of Veolia's Asia-Pacific region.
威立雅亚太区高级执行副总裁Christophe Maquet表示，尽管全球经济可能出现衰退，但考虑到中国政府打击污染的坚定决心，威立雅仍对今年中国经济及其在中国的运营持乐观态度。
A portable mini humidifier for $3.48, 12 silicone bowl covers for $2.09 and a digital camera for children at $12.99 — amid inflation and recession fears, consumers in the United States haven't seen prices this low for a long time.
一台便携式迷你加湿器售价3.48美元，12个硅胶碗盖售价2.09美元，一台儿童数码相机售价12.99美元——在通货膨胀和经济衰退的担忧中，美国消费者已经很久没有看到价格这么低了。
This must have been a difficult year for owners and top executives of many companies as headwinds from geopolitical tensions, rising commodity prices, high-flying inflation, global economic recession, COVID-19 coming into its third year, to name just a few, have deepened markets' complexities.
对于许多公司的所有者和高管来说，今年一定是艰难的一年，因为地缘政治紧张局势、大宗商品价格上涨、高通胀、全球经济衰退、新冠肺炎即将进入第三个年头等不利因素加深了市场的复杂性。
LAM: Citi's economists expect the country's economy to grow 5.6 percent next year despite a 50 percent probability of a global recession, with infrastructure spending being a key driver.
LAM：花旗的经济学家预计，尽管全球经济衰退的可能性为50%，但明年该国经济将增长5.6%，基础设施支出是关键驱动力。
The comments came as Ren Zhengfei, founder of Huawei, said the global economy is expected to enter a long period of recession, and the next decade is likely to be a very painful historical period.
华为创始人任正非发表上述言论之际，他表示，全球经济预计将进入一个长期衰退期，未来十年可能是一个非常痛苦的历史时期。
China's performance during the global economic recession and COVID-19 pandemic has shown its resilience and many multinational corporations as well as the financial institutes have expressed strong interest in Chinese assets, said Zhang Jianping, director-general of the Beijing-based China Center for Regional Economic Cooperation.
Rising above the challenges brought by the COVID-19 pandemic and the global economic recession, China's actual use of foreign direct investment surged 31.5 percent on a yearly basis to 176.76 billion yuan in the first two months of this year, according to the latest data released by the Ministry of Commerce.
Thanks to the high-level free trade agreement between China and ASEAN, as well as two-way production capacity cooperation, their enhanced industrial and value chains have helped companies on both sides to better cope with uncertainties caused by protectionism, the COVID-19 pandemic and the global recession, said Xu Ningning, executive president of the China-ASEAN Business Council.
Despite slowing global trade, economic recession and serious travel disruptions, China's direct investment in ASEAN markets surged 76.6 percent on a yearly basis to $10.72 billion in the first three quarters of this year.
Against the backdrop of a global economic recession, intensified international trade frictions and fierce industrial competition, the risks of bankruptcy for enterprises have become more prominent.
With one-third of the world's population forced to remain indoors, the International Monetary Fund has predicted that global growth will enter the deepest recession since the 1930s.
And there is mounting concern that the prolonged work stoppage could tip Michigan's slowing economy into a recession.
Mortgage broker LendingTree identified Michigan as the state with the highest risk of a recession in the fourth quarter because of recent months of higher unemployment and weakness in wages.
"On a personal note, he flies frequently to different markets and thinks about the tools he would use when recession strikes.
China's construction machinery manufacturing industry was confronted with a recession between 2012 and 2016, as market demand fell.
Although the idea for the project was conceived as early as 2004, it has been plagued by delays and financing problems, due to factors such as the recession in 2008.
Between 2012 and 2016, the Chinese construction machinery manufacturing sector was confronted with a recession as market demand slipped more than two-thirds.
During the recession, Weber focused on doing a better job of figuring out what runners want and increased Brooks' investment in research and development to design better shoes.
The 2008 financial crisis catapulted the US economy into a deep recession.
"China's construction machinery sector started a recovery in its business cycle in 2016, after a recession that lasted for four years.
After a nearly five-year recession China's construction machinery sector began to recover in its business cycle last September.
China's construction machinery segment, after a nearly five-year recession, started a recovery in its business cycle last September.
Apart from geopolitical risks, the likelihood of an economic recession from a global perspective, especially in the United States, and the US Federal Reserve's grip on US monetary policy, should not be overlooked when it comes to commodity markets' performance in 2024, experts said.
Meanwhile, the US recession odds are climbing, said Goldman Sachs, citing a ratio of 30 percent to 40 percent over the next 12 months.
Any US recession would lead to an uneven performance of nonferrous metals in 2024, especially in the first half, said Li Suheng, senior researcher at CITIC Futures.
Market consensus, however, is that gold is likely to outperform other major investment categories in the next 12 months when companies face bigger pressure to make profits amid worldwide economic slowdown or even recession.
China is now experiencing a balance sheet impact rather than a balance sheet recession in comparison to Japan.
Furthermore, Japan's corporate sector held a large amount of real estate, which magnified the balance sheet recession, whereas China's corporate sector held relatively little real estate, and China's special land system also made industrial land extremely cheap, which cushioned the downward property pressure to some extent.
There is an urgent need to strengthen inclusive multilateral collaboration as the world must rise to face the risk of a global economic recession and the shared challenge of climate change, foreign and Chinese experts said on Thursday.
Yi Xiaozhun, former deputy director-general of the World Trade Organization, also stressed at the session the need to further promote multilateral, inclusive collaboration as no economy alone can survive the multiple global crises, including the risk of a global economic recession amid the emergence of regional conflicts.
But there are some voices highlighting "policy ineffectiveness" in the market, with major concerns over a liquidity trap, and a potential balance sheet recession — both of which phenomena we see will not happen in China.
As for worries over balance sheet recession — a situation where all sectors, including households, businesses and government departments tighten their balance sheets — initiating a vicious downward cycle, there currently is no sign of such a cycle in the nation.
Former senior vice-president of World Bank says China will not decline like JapanChina will not follow in Japan's footsteps of the 1990s and fall into a so-called balance-sheet recession period characterized by income being used to pay down debt rather than spend, according to a top economist.
A: Outside of the property sector, we don't think there is clear evidence that China is experiencing the same kind of balance sheet recession that Japan did prior to its "lost decade".
"However, China faces a higher public debt burden than Japan in the 1990s, raising concerns about a "balance sheet recession", as some experts have noted.
China is not facing a current 'balance sheet recession' as often stipulated.
These crises include the Russia-Ukraine conflict, soaring food and energy prices, and recession and debt pressures faced by many countries.
And if a nation is also affected by weaker external demand apart from insufficient domestic demand, its economy will likely fall into a recession or even depression due to insufficient aggregate demand and excess production capacity.
However, they expected exports to continue to face increased pressure as the global economy, weighed down by rising prices and spiking interest rates, appeared to be heading toward a recession.
Quizzed about the divergence after a speech, European Central Bank President Christine Lagarde noted that after the Russia-Ukraine conflict broke out last year, the outlook was for a euro-area recession - a potentially deep one in some parts.
A Japanese-style balance sheet recession is taking shape.
The reduction in mortgage borrowing by households has been accompanied by a significant increase in their cash-based assets, indicating their risk-averse behavior; meanwhile, credit and investment in the corporate sector have grown at a normal clip, which is very different from what was seen during Japan's balance sheet recession.
All these phenomena in the labor market are difficult to explain under the context of a balance sheet recession.
Notably, new export orders fell sharply in July amid concerns over the mounting overseas recession risks and insufficient external demand.
In a speech at Soochow Securities' forum in Hong Kong in June, Richard Koo, chief economist at the Nomura Research Institute, highlighted the similarities between China's current economic situation and Japan's balance sheet recession, suggesting that instead of focusing on monetary policy or structural reforms, China should allocate all its resources toward fiscal stimulus to sustain economic activity.
As a result, companies and individuals refrained from taking out loans and instead, focused on saving and debt repayment, which finally led to an economic recession.
In such a scenario, Koo argues for implementing macroeconomic fiscal stimulus policies, wherein the government lends out savings to ensure sufficient liquidity, maintain economic growth and smoothen the yield curve signaling recession.
With limited knowledge of Japan's economic situation, this writer will not comment on the rationale and comprehensiveness of Koo's depiction of Japan's economic recession mechanism or the application and effectiveness of the proposed measures.
The need to repay debt placed strict requirements on savings, leading to an economic recession.
Many financial institutions collapsed at that time, resulting in widespread unemployment and a global economic recession.
While the United States and Europe are experiencing soaring inflation and facing the risk of a recession, China's sound economic growth rate and the independent development of its financial sector support Karsh's belief in the Chinese market.
He pointed out that one of the risks is weak external demand if countries such as the United States and Europe go into recession or a prolonged period of slow growth, which may affect China's growth beyond 2023.
Looking at the three major economies around the world, the US economy is moving from stagflation to mild recession, the European economy is moving from recession to deep recession, and China's economy is bottoming out to mild recovery.
Deflation is often synonymous with economic recession, as there is insufficient overall demand, a large number of idle resources, a rising unemployment rate, a gloomy economic outlook and a continuous decline in prices.
Adopting loose fiscal and monetary policies, the government will stimulate overall demand, promote consumer spending and business investment, stop the downward spiral of prices and help the economy recover from recession.
Deflation refers to a continuous fall in the general price level, often accompanied by a reduced money supply and economic recession, Fu said.
Deflation refers to a continuous fall in the general price level, often accompanied by reduced money supply and economic recession, said National Bureau of Statistics spokesperson Fu Linghui at a press conference.
In recent years, due to global woes such as the COVID-19 pandemic and the Russia-Ukraine conflict, the global economy has faltered amid recession and high inflation.
Closer economic and trade ties between China and European countries will benefit both sides and inject more positive factors into the global economy as it faces increasing recession threats, according to experts and business leaders.
The risk of recession in the United States is relatively low at present, but the odds are high for the eurozone and the United Kingdom to enter a recession or even negative growth in 2023.
Affected by the Fed's interest rate hikes, smaller economies such as Lebanon have suffered from capital outflows, currency depreciation, high foreign debt and asset price declines, and their economies have fallen into recession.
Recession in some countries is linked to commodity price volatility.
Ban Ki-moon, former secretary-general of the United Nations, told the forum that global issues such as COVID-19, inflation and recession are not as important or as serious as climate change.
"China's recovery means that it will play a more important role in driving global growth going forward, particularly in the year when worries about global recession are mounting," said Simpfendorfer, also a board member of the American Chamber of Commerce in Hong Kong.
"China's recovery means it will play a more important role in driving global growth, particularly in the year when worries about global recession are mounting," said Ben Simpfendorfer, a partner at Oliver Wyman, a leading consulting company.
If the risk of a substantial US recession materializes, China's exports and economic recovery could come under pressure, said Hu Zhihao, deputy director of the National Institution for Finance and Development, a Chinese think tank.
Given the increasing risks of a global recession and a notable slowdown in external demand, Li Xingqian, director-general of the department of foreign trade at the Ministry of Commerce, said that the government will optimize existing trade policies and introduce new measures this year.
To begin with, the economies of the US and Europe have slipped into stagflation, a combination of recession accompanied by high and rising inflation, which is a key factor behind China's sharp decline in exports.
But externally, some major economies face recession risks in 2023 and geopolitical uncertainties still exist.
The world may face risks of economic recession this year and financial crises in certain places.
BEIJING — While the specter of recession haunts the world, China has stimulated more hopes for a broader economic revival following its decisive victory in the three-year-long fight against COVID-19.
They also said China's stable growth is set to help relieve global growth pressures as developed economies risk falling into recession while suffering from high inflation.
Nouriel Roubini, an economics professor at New York University, said last week that the world economy may suffer from high inflation, surging interest rates and economic recession, and forecast that the major developed economies could fall into recession.
Against the backdrop of possible recession in developed economies, China's solid growth after optimizing COVID-19 policy this year will benefit the rest of the world, analysts said.
The increasingly tighter regulatory grip worldwide, especially on large-scale M&A deals, geopolitical instability and talk of economic recession, have also had an impact on the global M&A market, which may continue this year, said Zhou.
- While the specter of recession haunts the world, China has stimulated more hopes for a broader economic revival following its decisive victory in the three-year-long fight with COVID-19.
Despite challenges such as the rising risks of a global economic recession and slowing growth of overseas demand, China's import and export potential and contribution to the world economy remain promising.
"While metals demand outside China looks to be at risk of a possible recession, China's policy support for the property sector could set the tone for aggressive easing this year," she said.
"In addition to BHP, French environmental solutions provider Veolia Group also expects strong growth from the Chinese market in 2023, as the ever-optimizing policies create massive opportunities despite the backdrop of a possible global economic recession.
Although this year will see a recession in some of the world's top economies, China's counter-cyclical resurgence has created investment opportunities.
Both the Bank of England, Britain's central bank, and the European Central Bank were expected to raise interest rates on Thursday to tame high inflation, ease the cost-of-living crisis and avoid falling into recession.
When advanced countries might suffer from deep recession, "only China is the country that will continue to be a major engine of global growth," the scholar said.
External demand remained weak due to mounting recession risks overseas, as the reading for new export orders contracted for the sixth consecutive month, the Caixin report stated.
- When advanced countries might suffer from deep recession, "only China is the country that will continue to be a major engine of global growth," a US scholar has said.
So the Fed is going to raise the interest rate more, and we might be slipping into a recession," Khairy Tourk, professor of economics with the Stuart School of Business at the Illinois Institute of Technology in Chicago, told Xinhua.
According to Tourk, countries in Europe also expect to have a recession because of the conflict in Ukraine and the energy crisis.
"When most economies went into recession, China became one of the handfuls that registered positive economic growth," said Cavince Adhere, a Kenya-based international relations scholar.
China has remained a glimmer of hope despite the bleak outlook of the global economy grappling with recession fears and persistent economic weakness.
Amid high inflation, aggressive monetary tightening and heightened uncertainties, the current downturn has slowed the pace of economic recovery from the COVID-19 crisis, threatening several countries -- both developed and developing -- with the prospects of recession in 2023, the report said.
Consumption is the ballast stone of the economy, playing fundamental role in economic growth, especially in 2023 when the global economic recession holds a high probability and external demand further shrinks, said Wen Bin, chief economist at China Minsheng Banking Corp. "Therefore, in order to restore consumption, it is necessary to increase the income of residents, especially the income of low- and middle-income residents who have a high propensity to consume but have been greatly affected by the pandemic.
Wei predicts FDI will grow at two digits to probably reach $220 billion to $230 billion in 2023, surpassing the United States, as the latter faces economic slowdown — and even a recession.
Given pressures and challenges from a potential recession in advanced economies and slowing external demand, Zhou Maohua, an analyst at China Everbright Bank, said boosting domestic demand is key to a robust 2023.
Two-thirds of chief economists from private and public sectors expect a global recession in 2023, according to a survey released on Monday at the annual meeting.
Some 18 percent of the respondents, more than twice the number in the previous survey in September 2022, considered a world recession "extremely likely. "
"Given the precariousness of the economic situation, Ruimy said "any new adverse developments could push the global economy into recession and threaten the development of emerging and developing economies, which have been experiencing sluggish growth for several years due to high levels of debt and insufficient investment.
Two-thirds of chief economists from private and public sectors expect a global recession in 2023, according to a survey released on Monday at the annual World Economic Forum (WEF) in Switzerland.
Given such adverse shocks as high inflation, rising interest rates, sluggish investment and the Ukraine crisis, global growth has slowed "to the extent that the global economy is perilously close to falling into recession," the report said.
China's unfolding economic rebound sharply contrasts with the rising recession risks in major developed economies, thus providing international investors with valuable diversification benefits, Xu said.