It is by no means clear that the financial markets will not relapse into panic.

现在还不能确定金融市场不会重新陷入恐慌。

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At best there will be a wrenching slowdown; at worst, a relapse into recession.

最多经济呈现糟糕的放缓迹象，最坏则是再度陷入经济衰退。

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That is revving recovery in big emerging economies, while only staving off a relapse into recession in much of the rich world.

只是新兴经济大国复苏迅速，使大多数发达国家避免了重陷衰退。 这里应该是：（公共开支产生的需求）正使得新兴经济大国加速经济复苏，但是对多数发达国家来说，（公共开支产生的需求）只能避免他们重陷衰退。

youdao

However, there are no definite signs of a relapse into deep recession.

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