Reference translation for group exercise 3 - economic document translation

World Economic Situation and Prospects 2008
2008年世界經濟情勢與展望

According to WESP 2008 midyear update, the global economy is teetering on the brink of a severe economic downturn leading to a downward revision in the baseline forecast for world economic growth in line with the pessimistic scenario of the World Economic Situation and Prospects 2008 published in January. The deepening credit crisis in major developed market economies, as triggered by the continuing housing slump, the declining value of the United States dollar vis-a-vis other major currencies, persisting global imbalances, and the soaring oil and non-oil commodity prices are slowing growth of the global economy.
聯合國在今年一月提出世界經濟情勢分析與展望報告，然在年中修訂該份報告並指出，世界經濟正處於嚴重衰退的邊緣，此一衰退導致聯合國下修對世界經濟成長率的預測值。近來，在世界主要市場經濟體中蔓延的信貸危機，肇因於持續性房市疲弱、美元對世界主要貨幣的連續相對貶值、揮之不去的全球性經濟失衡，以及不斷飆漲的油價與非石油商品價格，此一危機嚴重影響世界經濟，並導致發展趨緩。

The report also warns that in the absence of aggressive and coordinated expansionary policies a more pessimistic scenario will occur, which could trigger a disorderly unwinding of the massive global imbalances and have drastic implications for global trade and finance. In addition, the steep rise in food and energy costs is compounding the downside risks, particularly in view of the unfolding food crisis, which poses a threat to social and political stability.
這份報告同時警告，如果再不採取積極且協調的振興經濟政策，全球的經濟情勢將更趨悲觀，並將使全球既有的大規模經濟失衡，更加難以控制，同時亦將嚴重影響全球貿易與金融秩序。此外，當前糧食與能源價格的飆漲，已加劇經濟衰退的風險，特別是浮現檯面的糧食危機，更會對社會與政治的安定形成威脅。

The report recommends a multilaterally coordinated stimulus package centered on the expansion of domestic demand in surplus countries, while staying within existing fiscal capacity; deep reforms in mechanisms of international financial regulation and supervision; and meeting emergency food needs, while setting longer term strategies for alleviating supply constraints and improving food security.
這份報告建議，應在現有財政能力範圍內，擬定一個經多邊協調的刺激經濟方案，並以擴大貿易順差國家的內需為此方案的核心；大幅改革國際金融規範與監督機制；更應發揮同舟共濟精神，對糧荒國家進行緊急救援，同時擬定長程策略，以紓解當前糧食供應的限制，保障糧食供應無虞。