Without a move towards more private consumption in countries such as Germany and China, the world is in for a prolonged period of slow growth and correspondingly sluggish trade.

• 如果类似像德国和中国这类国家的私人消费方面没有更大的变化，整个世界会很长一段时保持缓慢增长和相应贸易呆滞不前的状况。