In2013, women were only averaging 1.86. Fewer babies and a declining population means less consumer spending. "You're talking about a lot of disposable income."

2013年，女性人均生育率只有1.86，而更少的出生率和下滑的人口就意味着更低的消费水平。

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Meanwhile, net private investment has fallen by almost a third, from averaging more than 10% of personal income to just over 7%.

FORBES: Memo To The President: We Can't Tax, Spend And Print Our Way To Prosperity