Perhaps more important, contractionarypolicy in Europe and emerging Asia chipped away at global demand for American exports.
也许更重要的是,欧洲和新兴的亚洲市场的紧缩政策削弱了全球对美国出口的需求。
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PAUL KRUGMAN: I think it was meant mainly as a technical cleanup—just a reduction in the aid to banks, not a contractionarypolicy; and maybe also as a non-substantive sop to the inflation hawks.
Confidence probably suffered from renewed debt-crisis fears in Europe. Perhaps more important, contractionarypolicy in Europe and emerging Asia chipped away at global demand for American exports.