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That only increased the deflationary pressures at home and abroad .

那只会增加国内外通货紧缩的压力。

As the euro zone enters a double-dip recession , spain may be coming closer to a deflationary spiral .

就在欧元区陷入双重衰退之时，西班牙或许正接近一个通货紧缩的漩涡。

Fiscal austerity robs policymakers of a potent antidote to a deflationary slump : simultaneous fiscal and monetary expansion .

财政紧缩政策会剥夺政策制定者应对大规模通货紧缩的一剂猛药：并行的财政货币扩张政策。

But as japan has demonstrated , even countries with their own currencies can get stuck in a deflationary trap .

但是，日本的经历表明，即使具有本国货币的国家也会陷入通货紧缩的陷阱之中。

In a deflationary economy , a 30-year government bond with a 4 % yield is a great bet .

在一个处于通货紧缩的经济体中，收益率为4%的30年期国债可是一笔不错的投资。