Economist译文 | The year of Brexit and Trump

The year of Brexit and Trump

英国脱欧、特朗普上台之年

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Despite the Brexit vote, growth in Britain outpaced the euro area, again. America’s steady recovery continued, while Japan’s faltered. China’s slowdown was stately.

尽管英国通过了脱欧公投，英国经济增长率再次远超欧元区。与此同时，美国经济继续平稳回升，日本经济停滞，中国经济增速放缓。

After staying steady for months as fewer of the unemployed left the labour force, America’s unemployment rate is falling again. In the euro area, it remains close to 10%.

美国失业率在保持了几个月的稳定后，因为越来越少的失业人员离开劳动力市场，现在失业率再次下跌；而欧元区的失业率维持在10%左右。

In America, annual consumer-price inflation approached 2%. Elsewhere too, higher oil prices and a stronger dollar nudged prices up, though Japan still flirts with deflation.

美国年消费者价格通胀率接近于2%。其他地区也是如此，油价上涨、美元走强推动了物价上涨。而日本仍在通货紧缩的边缘徘徊。

The oil price spiked after OPEC in November agreed to cut output. Gold’s advance was stemmed by the American election. China’s economic resilience bolstered the copper price.

在11月欧佩克会议上各国同意削减原油产量后，油价飙升。黄金价格的上涨被美国大选所遏制，中国经济复苏也导致了铜的价格上涨。

Some analysts declared an end to the 30-year bull market in government bonds as yields picked up at last, most notably after Donald Trump’s election victory. They may be premature.

一些分析师称政府债券30年的牛市已经结束，尤其是在特朗普当选后。现在看来他们言之过早。

It was a good year for investors in emerging-market equities, and in America, especially after Donald Trump’s victory. Foreign investors in British equities were hit by the weak pound.

尤其是大选后，对于美国新兴市场股票的投资者来说，今年是个闰年。持有英国股票的外国投资者却因英镑疲软而受挫。

The pound was pummelled by Brexit; the dollar boosted by expectations of the Trump presidency. China spent some of its reserves to slow the yuan’s depreciation against the dollar.

受脱欧影响，英镑一路下跌。对于特朗普执政的期待推高了美元。中国利用其外汇储备来削减人民币对美元贬值的走势。

The Donald Trump effect thumped the Mexican peso. Other emerging-market currencies flailed, including Turkey’s and Malaysia’s. The oil-reliant rouble bucked the trend.

特朗普效应重挫了墨西哥比索。其他国家的新兴市场的货币，包括土耳其里拉和马来西亚林吉特在内，通通下跌。而依赖于石油的卢布却逆势上涨。

To catch holders of “black money”, first India and then Venezuela courted chaos by cancelling high-denomination banknotes. The Venezuelan bolívar was already worthless.

为了打击洗黑钱的人，印度和委内瑞拉先后废止了高面额纸币，因此引发混乱。委内瑞拉玻利瓦尔已经一文不值了。