To cut or not to cut

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To cut or not to cut

机译：割或不割

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The downturn that is already gripping America has removed the last shreds of credibility from the ultra-optimistic "new economy" theories once espoused by Wall Street's and Silicon Valley's most gung-ho believers. Thanks to wondrous new technology, the business cycle was supposedly consigned to the history books, and productivity would grow forever at a miraculous rate. So much for that: in the fourth quarter of last year, labour productivity grew at an annual rate of 2.4%, well down from the 4.3% for 2000 as a whole. Will the slowdown prompt company bosses to start cutting jobs and investment, making recession a certainty?

机译：美国已经开始陷入低迷状态，这已经摆脱了曾经被华尔街和硅谷最ung头的信奉者拥护的超乐观的“新经济”理论的最后一丝信誉。多亏了奇妙的新技术，商业周期才被委托给历史书籍，并且生产力将以惊人的速度永远增长。事实如此：去年第四季度，劳动生产率的年增长率为2.4％，远低于2000年全年的4.3％。经济放缓是否会促使公司老板开始裁员和投资，从而使衰退确定下来？

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《The economist》 |2001年第8208期|p.61-62|共2页
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正文语种 eng
中图分类经济;各科经济学;
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To cut or not to cut

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