下行风险

凯基证券（KGISecurities）和摩根大通（JPMorgan）都在最近有关这起丑闻的报告中预测，两家公司不会受到太大影响。但凯基证券认为新的监管规定是它们面临的一个下行风险。

KGI Securities and JP Morgan both forecast the impact on the companies would be minimal in recent notes on the scandal , but KGI listed the new regulations as a downside risk for the companies .

高盛（goldmansachs）金属分析师马克斯莱顿（maxlayton）表示，中国房地产行业疲软可能导致明年年底建筑竣工率大幅降低，从而“在2013年年底对铜价构成重大下行风险”。

Max Layton , metals analyst at Goldman Sachs , says the weakness of the Chinese property industry could lead to a sharp slowdown in building completions late next year , creating " significant downside risk to copper prices in late 2013 " .

各国政府和国际政治、经济协作组织几乎没有间断地举行各种会议，磋商各种救助和刺激方案，控制经济下行风险。

Individual governments and international political and economic blocs have held nearly non-stop meetings and consultations to stem the downturn with a variety of bailout and stimulus packages .

但OECD也指出，严重的下行风险依然存在。

But , notes the OECD , serious downside risks remain .

正如imf所指出的那样，尽管下行风险很大，但它们仅仅是风险。

Downside risks are large , as the IMF notes , but they are just that : risks .

摩根士丹利（MorganStanley）分析师周一表示，今年亚洲的增长存在很大的下行风险。

Morgan Stanley analysts said on Monday there were significant downside risks to growth in Asia this year .

国内生产总值（GDP）的下行风险显然在过去几个月里加强了，而贸易倾向于追随产出的趋势，WTO表示。

Downside risks to GDP [ gross domestic product ] have certainly intensified in the last few months and where output goes trade tends to follow , the WTO said .

除此之外，IMF还警告说，由于全球金融市场趋紧和贸易紧张局势的加剧，下行风险较大。

Furthermore , the Fund is warning that risks are tilted to the downside , with tightening global financial market conditions and rising trade tensions .

国际货币基金组织（IMF）认为，无论如何，大宗商品价格的上行风险仍大于下行风险；该组织还警告称，资源稀缺引发的担忧是真实的、普遍的。

In any case , the International Monetary Fund believes that commodity price risks remain tilted to the upside and warns that genuine resource scarcity concerns are now widespread .

IMF表示：未来前景的风险似乎肯定是下行风险，中心问题是金融市场的紧张可能会持续下去，引发更为显著的全球减速。

It says : The risks to the outlook look firmly on the downside , centring around the concern that financial market strains could continue and trigger a more pronounced global slowdown .

基金经理和策略师表示，vix水平低反映出，人们认为各国中央银行在支持金融市场，从而减少了对下行风险防护的需求。

Fund managers and strategists said the low VIX reflects the fact that central banks are seen as backstopping financial markets , lessening demand for downside protection .

鉴于通胀已经那么低，同时鉴于复苏有可能失去势头，我们预期美联储官员将在FOMC声明中强调下行风险，并暗示放松政策的倾向，MFGlobal首席经济学家吉姆·奥沙利文（JimO'Sullivan）表示。

Given how low inflation already is , and given the potential for the recovery to falter , we expect Fed officials will highlight downside risks and signal a bias to ease in the FOMC statement , said Jim O'Sullivan , chief economist at MF Global .

因此大宗商品似乎存在下行风险。

The risks in commodities therefore look skewed to the downside .

此外，经济前景的下行风险有所加重。

Moreover , downside risks to the economic outlook have increased .

尽管如此，欧洲债务危机的下行风险仍然存在。

Nevertheless , downside risks of the debt crisis in Europe remain .

增长和通胀均存在下行风险。

The risks to growth and inflation are both on the downside .

美国经济继续面临下行风险。

The risks to us growth continue to be on the downside .

最终交易针对下行风险向投资者提供了大量保护。

The ultimate deal gave investors plenty of downside protection .

一旦投机热情消退，银价可能将面临越来越大的下行风险。

Should speculative enthusiasm ease , prices could encounter growing downside risk .

就连本行1.8%的保守预测也面临下行风险。

We even see downward risks to our conservative 1.8 per cent estimate .

然而，2010年的增长率依然取决于重大的上行和下行风险。

However , growth in2010 remains subject to significant upside and downside risks .

尽管存在下行风险，但投资一些石油也是合理之举。

Despite the downside risks , some exposure to oil also makes sense .

金融状况继续对经济增长前景形成一种下行风险。

Financial conditions continue to pose a downside risk to the outlook for growth .

许多经济预测家声称下行风险超出上行风险，以此保护自己。

Many forecasters guard themselves by saying that the risks are on the downside .

基于这些下行风险，最近房屋价格的上扬可能会虎头蛇尾。

Given these downside risks , the recent pop in house prices will probably fizzle .

但杠杆融资的真正关键在于它极大地保障了下行风险。

But the real key of leveraged financing is that it seriously protects down-side risk .

简言之，《全球金融稳定报告》指出，经济下行风险的确已降低。

In short , the GFSR notes , downside economic risks have indeed been reduced .

不过，金融压力和宏观调整的下行风险已在急剧上升。

Nonetheless , the downside risks from financial stress and macroeconomic adjustment have been rising sharply .

中国决策者非常清楚，经济增长的下行风险在不断增加。

Policymakers in China are very much aware of the mounting downside risks to economic growth .

联合国贸易和发展会议警告，世界经济各种下行风险可能影响2008年的前景。

Various downside risks for the world economy could affect prospects for 2008 , Unctad warned .