demand retrenchment

基本解释

At the same time, outright and seriously premature fiscal retrenchment is starting in Europe, diminishing demand for US exports.
與此同時，歐洲已經開始實施徹底的、尚爲成熟的財政緊縮政策，從而降低對美國出口的需求。
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.
処於實質防備狀態的金融系統不允許節儉，況且幾乎全球都処於類似的需求緊縮狀態，對美國産品和服務需求也在減少。
The loss of competitiveness can be reversed (Ireland is doing it), but only at the cost of a long-term decline in wages and demand, which will require in turn even more fiscal retrenchment.
競爭缺失可以脩複（愛爾蘭正在這樣做），但要付出工資和需求長期下跌的成本，這樣一來勢必需要做出更多財政緊縮。