周期性赤字

周期性赤字则是指那部分经济复苏后会自动消失的缺口。

The cyclical deficit is the gap that will automatically disappear when the economy has recovered .

作为回应，反对者辩称，如果大幅削减结构性赤字进一步加剧了衰退，进而导致了周期性赤字的抵消性膨胀，那将是愚蠢的。

In response , opponents argued that it would be foolish to slash the structural deficit if this led to a deeper recession and so to an offsetting rise in the cyclical deficit .

在当前的环境下，协同财政紧缩举措可能会失败：随着经济体趋弱，更大的周期性赤字可能抵消结构性财政紧缩的努力。

Concerted fiscal tightening could , in current circumstances , fail : larger cyclical deficits , as economies weaken , could offset attempts at structural fiscal tightening .

相反，削减结构性赤字的尝试，可能会导致周期性财政赤字增加，从而形成为了停留在原地而快跑的局面；或是导致私人部门盈余减少，不过只是因为收入下降的速度要比支出下降更快。

The attempted reduction in the structural deficit might lead , instead , to a rise in cyclical fiscal deficits , which would be running to stand still , or to a reduction in the private surpluses only because income fell even faster than spending .

为区分经济的作用和政策的作用，分析师考察的是剔除了周期性因素的赤字，它消除了经济周期的影响，以便更有意义地观察赤字情况。

To separate the effects of the economy from the effects of policies , analysts examine the cyclically adjusted deficit , which removes the effects of the business cycle for a more meaningful look at the state of the deficit .

去年，英国经周期性调整的基本赤字（不含利息支付）为发达国家中第二高，占GDP的6.8%，仅低于美国。

Last year , the UK had the second-largest cyclically adjusted primary deficit ( excluding interest payments ) in the developed world ( 6.8 per cent of GDP ) .