财政拖累

较低的利率水平然后会提振私人部门的支出，部分抵消增税以及政府减支带来的财政拖累（fiscaldrag）。

Lower interest rates then boost private sector spending , partially offsetting the fiscal drag from higher taxes and government spending cuts .

与类似希腊、葡萄牙和西班牙等国的紧缩方案相联系的财政拖累（fiscaldrag）提高，肯定造成了非常严重的冲击。

The enhanced fiscal drag tied to austerity programmes such as those in Greece , Portugal and Spain must have come as a nasty shock .

最起码，联邦政府应出台更多刺激性措施，以抵消当前刺激措施到期后今明两年必将发生的巨大财政拖累（fiscaldrag）。

At the very least , the federal government should introduce additional stimulus measures to offset the substantial fiscal drag that is slated to occur this year and next when current stimulus measures expire .

但在陷入流动性陷阱的情况下，由于利率水平已固定在零点、无法进一步降低，财政拖累无法得到抵消。

But in a liquidity trap , with interest rates stuck at zero , there is no offset to the fiscal drag .

拉加德在博鳌论坛上表示，全球复苏仍面临风险，尤其是欧洲增长乏力以及有些主要发达经济体的财政风险拖累复苏令人担忧。

Risks remained for the global rebound , particularly worries about low growth in Europe and fiscal risks in some major developed economies that are weighing on recovery , Ms Lagarde told the Bo ' ao forum .

部分国家实施的紧急财政紧缩计划将拖累经济增长。

Emergency austerity programmes in some countries will put a drag on growth .

但美国财政政策产生的拖累将会小得多。

But the drag from fiscal policy is going to be far smaller in the US .

但是，大多数富裕国家经济很不景气，一些国家的财政紧缩政策会拖累经济复苏。

But most rich-world economies have ample economic slack , and in several countries fiscal tightening will tug at recovery .