le rythme de la reprise – English Translation – Keybot Dictionary

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À la fin de 2009 et au début de 2010, le rythme de la reprise économique mondiale était plus rapide que prévu, mais il variait considérablement d'un pays à l'autre. La reprise devrait se poursuivre, quoiqu'à un rythme modéré, et d'importants risques continuent de peser sur les perspectives mondiales.
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This section reviews the major global and Canadian economic developments since Budget 2010, describes the private sector economic forecast that forms the basis for the medium-term fiscal projections included in this report, and discusses the risks surrounding the economic outlook.
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Historiquement, la liquidation de ces lourds fardeaux d’endettement a été un élément majeur des périodes postérieures à une crise. Ces phases de désendettement ont été souvent prolongées et complexes, et elles ont pesé lourdement sur le rythme de la reprise économique, car la création de crédit ralentit de manière spectaculaire.
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Structural drivers. Borrowing – especially in developed markets – grew rapidly in the early 2000s, leading to unsustainable levels of private sector debt in the run-up to the financial crisis. Historically, unwinding these heavy debt burdens has been a major component of post-crisis periods. Such episodes of deleveraging have often been protracted and complicated, and have weighed heavily on the pace of economic recovery, as credit creation slows dramatically. New banking regulations introduced after the 2008 crisis compounded that effect, further reducing credit creation. Other structural drivers such as demographics and quantitative easing created additional downward pressure on yields.
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L'augmentation de la demande mondiale de pétrole, propulsée par la Chine, conjuguée à la décision des pays membres de l'OPEP de ne pas accroître leur production à court terme pour combler l'écart, l'incertitude en ce qui concerne les ruptures éventuelles de l'approvisionnement, le rythme de la reprise économique mondiale et les questions financières que les États nationaux et infranationaux devront adresser sont tous des facteurs qui contribuent au prix actuel du pétrole.
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Fuel prices since the 2011 Annual Update last December have shown a dramatic increase, which ranges from $0.178 to $0.255 per litre. The China-led increase in global demand for oil and OPEC-member countries' decision not to increase production in the short term to close the gap, uncertainties around potential supply disruptions, the rate of global economic recovery, and fiscal issues facing national and sub-national governments are contributing to current oil prices. World crude oil prices were around US$105/bbl in the second half of August (unchanged from around US$105/bbl in mid May). The average retail price for regular gasoline during the last week of August 2011 was $1.271 per litre.
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Le taux de croissance de l’Inde devrait atteindre 5,7 % durant l’exercice 13, et passer à 6,5 % et 6,7 % respectivement pour les exercices 14 et 15. La poursuite de l’assainissement des finances publiques et de l’atténuation des obstacles structurels détermineront le rythme de la reprise.
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GDP growth in South Asia slipped to 4.8 percent in 2012, mainly reflecting a continued deceleration in India, slower growth in Sri Lanka and Bangladesh, and sluggish growth in Pakistan and Nepal. Regional GDP growth is projected to pick up to 5.2 percent in 2013, before accelerating to 6.0 percent and 6.4 percent in 2014 and 2015, in line with strengthening external demand, normal monsoons, and a gradual pickup in investment spending. Growth in India is projected to rise to 5.7 percent in the 2013 fiscal year, and firm to 6.5 percent and 6.7 percent in FY2014 and FY2015, respectively. Continued progress in fiscal consolidation and in reducing structural constraints will determine the pace of recovery. Domestic risks dominate, including a possible derailing of reforms, and weaker than expected monsoon rains.
  www.fin.gov.on.ca  
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Le rythme de la reprise économique en Amérique du Nord, en Europe et au Japon a ralenti de façon significative par rapport à l'an dernier. Ce ralentissement s'explique en grande partie par l'essoufflement marqué de la croissance aux États-Unis pendant la première moitié de 2011 ainsi que par les effets du tsunami au Japon.
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The risks for the U.S. economy remain high. Over the next year, U.S. fiscal policy measures are likely to have a significant influence on growth. Additional political uncertainty, similar to the summer debate on the U.S. debt ceiling, could further undermine consumer and business confidence. The U.S. economy is also vulnerable to further external shocks, such as any financial turbulence arising from developments in Europe.
  www.africaneconomicoutlook.org  
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Par ailleurs, le conflit en cours au Mali, ses éventuelles répercussions sur les groupes armés basés en Libye et l'implication des autorités libyennes pour rétablir la sécurité dans la région auront d'importantes incidences sur la sécurité nationale et l'intégrité territoriale, de même que sur le rythme de la reprise économique.
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Despite its rapid recovery, the outlook for the country’s oil production remains unpredictable due to the continued uncertainty surrounding security conditions, state cohesion, the management of domestic oil operations, co-ordination of the fast-growing inflow of FDI to the petroleum sector, and the political and regional tensions over distribution of oil revenues. Furthermore, the on-going conflict in Mali, its potential spillovers to the affiliated armed groups within Libya, and the Libyan authorities’ involvement in re-establishing security in the region will also have important implications for the country’s security and territorial integrity, as well as its pace of economic recovery.
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Même si on s'attend à ce que les nouvelles mesures de stimulation budgétaire, de pair avec celles prises pour améliorer le fonctionnement des marchés du crédit, commencent à agir sur la croissance économique au milieu de 2009, l'ampleur et le moment de la reprise demeurent incertains. D'autre part, le rythme de la reprise économique américaine dépendra aussi de l'ampleur du redressement du marché du logement et d'un rétablissement du bon fonctionnement des marchés du crédit.
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In the Euro area, output contracted in the second and third quarters of 2008. Recent data releases suggest that ongoing weakness is likely as labour markets, consumer spending, business investment and industrial production have all deteriorated more than expected. The European Commission has responded by announcing the European Economic Recovery Plan in which the Commission recommends that member countries implement €200 billion of fiscal stimulus measures (about 1.5 per cent of GDP) to restore confidence and stimulate investment and spending. In support of this recommendation, several individual member countries have already announced fiscal stimulus plans. As well, the European Central Bank has significantly eased monetary policy. After rising by 2.6 per cent in 2007, the Blue Chip consensus now estimates that real GDP growth in the Euro area was about 1.0 per cent in 2008, and is expected to contract by 1.2 per cent in 2009.
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Aux Etats-Unis, si le rythme de la reprise n'est certes pas entièrement retombé en 2010, comme on a pu le craindre par moments, le redressement observé jusqu'ici est néanmoins trop faible pour alléger sensiblement la situation peu réjouissante du marché du travail.
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The recovery of the world economy following the “great recession” has until now proceeded in a very heterogeneous manner. While it predominantly was a large number of emerging countries that showed high growth dynamics in 2010, the majority of the industrialized nations are now experiencing a deceleration in growth. In the United States, economic growth in 2010 did not - as was feared for a while - come to a complete standstill. The economic recovery, however, is to date too weak to lead to an improvement in the desolate employment market. For the EU, there has overall for 2010 been moderate economic recovery, however with significant divergences between the individual countries. The German economy, in particular, is showing great recovery from the export slump, and has now taken the role as the economic engine in the euro area. In contrast, the economic development in the countries in the periphery of the euro area, which are particularly affected by the national debts crisis (Greece, Ireland, Portugal, and Spain), is severely strained due to the sharp rise in interest rates, and the announced fiscal consolidation measures.