Britain’s double-dip recession has ended after the economy grew 1 per cent between the second and third quarters, a rate thatsurprised investors and delighted the coalition government.
英國經濟在第二至第三季度之間增長1%,二次探底由此結束。這一增長速度讓投資者驚訝,也讓聯合政府興奮不已。
The quarterly growth was the strongest in five years, thoughthe economy is still no bigger than it was a year ago and 3 per cent smaller than before thefinancial crisis hit. One-off factors also flattered the figures.
這是5年來英國經濟增長最強勁的一個季度,不過英國經濟規模仍沒有超過1年前的水平,比金融危機爆發之前則小3%。一次性因素也美化了這個增長數據。
The data come at a critical time for the UK government, whose austerity program hasencountered fierce criticism as the economy has faltered. David Cameron, the prime minister, andGeorge Osborne, the chancellor, were privately thrilled by the news, though both stressed therewould be a protracted and erratic path to full economic recovery.
數據發布之際,英國政府正面臨關鍵時刻。其緊縮計劃遭到激烈批評,原因是經濟一直蹣跚不前。首相戴維 卡梅倫(David Cameron)和財政大臣喬治 奧斯本(George Osborne)私下里對這一消息感到振奮。不過兩人都強調,經濟全面復蘇之路將漫長而曲折。
Mr Osborne said the figures meant “we are on the right track”, though there was “still a long wayto go”.
奧斯本表示,這一數據意味著“我們走在正確的道路上”,盡管“前路依然漫漫”。
Yields on 10-year UK government bonds were trading up 6 basis points at 1.91 per cent asinvestors bet the data had cut the chances the Bank of England would renew quantitative easing, its bond-buying program aimed at stimulating growth, when the current set of purchases endsnext month. Minutes of this month’s meeting of the BoE’s Monetary Policy Committee revealedthere were already disagreements over whether more QE was necessary.
英國10年期國債收益率上升6個基點,至1.91%,投資者認為,經濟增長數據降低了英國央行(BoE)推出新一輪量化寬松(QE)的幾率,本輪債券購買將于下月結束。QE是旨在刺激經濟增長的購買債券計劃。英國央行貨幣政策委員會(Monetary Policy Committee)本月會議的記錄顯示,與會者對是否有必要繼續推出QE已經存在分歧。
The bounce in economic growth was exaggerated by one-off factors, such as the unwinding ofthe effect of a long bank holiday for the Queen’s diamond jubilee, which depressed output in thesecond quarter, and the London Olympics. Sales of London 2012 tickets alone added about 0.2 percentage points to gross domestic product growth, the Office for National Statistics said.
英國經濟增長反彈,一次性因素起了很大的作用,例如為紀念女王登基鉆石周年而安排的法定假日抑制了第二季度產出,以及倫敦奧運會的舉辦。英國國家統計局(Office for National Statistics)表示,單是2012倫敦奧運會門票銷售就占了國內生產總值(GDP)增幅的0.2個百分點。
Economists said the underlying growth rate was probably about 0.3 per cent in the third quarter – weak by historical standards but better than had been assumed.
經濟學家表示,第三季度基礎增長率可能在0.3%左右,按歷史標準增幅疲軟,但好于此前的預期。