1·Perhaps more important, contractionary policy 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。
2·The empirical findings indicate a possible inflationary pressure on the new member states, which is balanced by a contractionary effect on the old member states.
经验分析的结果表明,新成员国很可能面临通货膨胀的压力,而这将由老成员国所面临的经济紧缩效应来平衡。