Defence planners predict an extended period of retrenchment.

国防规划人员们预计，开支紧缩期会延长。

That is the lesson, they say, from past fiscal retrenchment.

他们称，这是从以往的财政紧缩中汲取的教训。

They may hope that retrenchment now will spur on private spending.

他们或许希望，现在实施紧缩政策能刺激私人部门增加支出。

The winners' extra spending may not offset the losers' retrenchment.

赢家因此可以额外消费，输家却相应地要减少开支，二者不能相抵。

However, a stringent programme of fiscal retrenchment will also be necessary.

然而严格的财政缩减项目是必须的。

Retrenchment by companies is a more likely culprit for the more recent drop in activity.

公司规模的消减更有可能是最近经济衰退的罪魁祸首。

And it is in every party's interests to prepare the country for the coming fiscal retrenchment.

让全国对即将到来的财政紧缩做好准备符合各方利益。

This would match the pace of Britain's previous retrenchment, over six years, in the 1990s.

这与英国在上世纪九十年代六年多的缩减节奏是吻合的。

France has so little practice at fiscal retrenchment that a 3% deficit seems a distant prospect.

法国在财政紧缩方面几乎没什么经验可循，以至于3%的赤字目标也只能是一个遥远的期盼。

Ground for retrenchment-or possibly for the violent confrontation he says he is determined to.

可能决心避免“是定语。”这里其实是说lay ground for the violent confrontation。

This retrenchment was offset, and made possible, by a dramatic fiscal swing in the opposite direction.

这种紧缩有可能被一次朝相反方向旋转的大幅财政旋转抵消。

First, the scale of the housing boom means history is a flawed guide to how big a retrenchment is in store.

首先，这次房市繁荣的程度之大使得历史记录对即将到来的下跌程度只能是个有瑕疵的指南。

As that model turns out to have been unsustainable, the resulting retrenchment in finance will curb overall growth.

随着这种模式逐渐不再具有可持续性，金融业的紧缩将阻碍经济整体的增长。

Spending cuts will by 2014-15 make up four-fifths of Mr Osborne's extra tightening and three-quarters of the total retrenchment.

削减的开支到2014 - 15财年将占奥斯本额外缩减的开支的五分之四，也是节省的总开支的四分之三。

This will set out the broad outline for the fiscal retrenchment that lies ahead and get the bad news out on planned tax rises.

此次公布的方案勾画出财政削减计划的大致轮廓，这无疑对已经提高税率是个不利的消息。

In developed countries today, fiscal deficits are surely a consequence of post-crisis private retrenchment, not the other way round.

在今日的发达国家，后危机时期的私人紧缩是因，财政赤字是果，而不是相反。

"We have to avoid an asymmetry between bold, if justified, loosening and unduly hesitant retrenchment," Mr Trichet says in his article.

“我们必须避免政策不对称的现象，一边是尽管合理但大胆的宽松政策，一边是过于犹豫不决的紧缩政策，”特里谢在文章中表示。

This has been better than expected and the outlook is still broadly reassuring despite the big fiscal retrenchment over the next four years.

实际形势比预期的要好一些。 尽管今后4年将会实行大规模的财政紧缩措施，前景依然是可以广泛令人心安（广为乐观）的。

An obvious worry about the fierce fiscal retrenchment that gets under way in earnest from next April is that it may stop the recovery in its tracks.

而此举引发的明显担忧是巨幅的财政紧缩政策可能会阻止正在复苏的经济，并且此紧缩政策于明年四月便正式实施。

Mr Osborne stuck to his guns about the overall scale and pace of fiscal retrenchment in the four years to 2014-15, the final year of this parliament.

奥斯本先生坚持己见，认为在接下来的四年里(也就是到本届议会的最后一年2014 - 15年的这段时间里)，应当削减英国财政支出的规模，减缓支出的速度。

But the fiscal retrenchment has been well signalled and households and firms should already be bracing themselves for both spending cuts and tax rises.

但是信息表明财经紧缩政策一直备受拥护，家庭和企业将会身先士卒，支持削减开支和增加税收。

Not with the financial system in virtual lockdown, and much of the world in a similar state of retrenchment, shrinking demand for American goods and services.

处于实质防备状态的金融系统不允许节俭，况且几乎全球都处于类似的需求紧缩状态，对美国产品和服务需求也在减少。

Even if a sustained recovery does get under way, it will be tempered for several years by fiscal retrenchment and the reversion to more normal monetary Settings.

即使持续的经济复苏已经开始，在未来几年内，它仍将被财政紧缩以及向更正常货币环境的转变所缓和。

Gloomy enough was word from the government on Friday that a fresh 240, 000 American jobs disappeared in October, the 10th consecutive month of retrenchment.

上周五，整个美国就业市场可以用一个字来形容，那就是冷淡。10月份，是美国连续十个月裁员，共有240000名职场新人下岗。