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A call to action

机译:行动呼吁

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"Circumstances seem to me as dangerous and intractable as any I can remember, and I can remember quite a lot." That sombre assessment of the world economy came from Paul Volcker, chairman of America's Federal Reserve between 1979 and 1987, writing recently in the Washington Post. "What really concerns me", he went on, "is that there seems to be so little willingness or capacity to do much about it." Coming from one of the giants of American economic policy-making, the man who vanquished the high inflation of the late 1970s and helped navigate the global economy through the 1980s debt crises, that is a pointed admonition. The fi- nance ministers and central bankers, who gather this weekend in Washington, DC, for the spring meetings of the International Monetary Fund and World Bank, would do well to take it seriously. For beneath a veneer of resilience, the world economy is becoming increasingly fragile.
机译:“在我看来,任何情况都像我所记得的那样是危险和棘手的,而且我还记得很多。” 1979年至1987年间,美国美联储主席保罗·沃尔克(Paul Volcker)对世界经济做出了严峻的评估,他最近在《华盛顿邮报》上撰文。他接着说:“我真正关心的是,似乎没有那么多意愿或能力去做很多事情。”来自美国经济决策的巨人之一,他克服了1970年代后期的高通货膨胀,并在1980年代的债务危机中帮助全球经济发展,这是有针对性的警告。本周末聚集在华盛顿特区参加国际货币基金组织和世界银行春季会议的财政部长和中央银行行长们应该认真对待这一问题。由于在抵御能力的表象之下,世界经济变得越来越脆弱。

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