And would a permanent correction of global imbalances be contractionary?

全球失衡会被永久性的修正 吗 ?

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These actions, contractionary by definition, could occur before a full recovery asserted itself.

这些肯定具有紧缩效应的举措, 可能在全面复苏巩固之前就会出台.

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If that burden grows even heavier because of falling prices, the contractionary forces will strengthen.

如果由于价格不断下跌而导致该负担愈发加重, 推动经济缩减的力量将会增强.

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A trade deficit is contractionary: for any given level of domestic demand, it lowers domestic output.

贸易赤字是收缩性质的: 对于任何给定水平的内需, 它都降低国内产出.

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