Unemployment in major advanced economies remains high, while emerging economies are facing upward inflationary pressure.

主要发达经济体失业率居高不下，新兴经济体通胀压力上升。

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That would reduce the inflationary pressure at home, resulting in lower interest rates and a cheaper exchange rate.

那样可以释放国内通胀压力，促使利率和汇率下降。

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In a nutshell, EM inflationary pressure bears very close watching over the next six months.

概括的说，信心市场国家的通货膨胀压力在今后六个月应该被密切关注。

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In all, the factors weighing on the economy are the same factors which are likely to hold down any inflationary pressure in the U.S. One factor that I have not mentioned, but will briefly, is the possibility of inflationary pressures on the U.S. debt.

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But what central banker would risk being blamed for causing a recession, particularly when inflationary pressure in advanced economies appears low?

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Moreover, points out Teun Draaisma of Morgan Stanley Dean Witter, there is less inflationary pressure in Europe and the euro looks steady.

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