Together the huge boost to supply (from emerging economies) and the huge boost to demand (from easy money) have offset the burden of higher oil prices, creating the once-impossible combination of robust growth and modest inflation.

• 巨大的供应增长（源自新兴经济）和巨大的需求增长（源自低息贷款）一起抵消了高油价的负担，创造了稳定增长和适当通胀相伴这一曾经是不可能实现的神话。