His forecast was that the economy would slow, but to roughly its trend rate of growth.

他预测经济将减速，但仍然具有增长的趋势。

youdao

That unemployment has not risen suggests the economy has not slowed much below its trend rate of growth.

失业率没有上升显示，经济增长速度比趋势水平低，但差距不是太大。

youdao

In the early 1970s, for reasons that are still ill-understood, productivity growth slowed sharply, pulling down the trend rate of growth.

在70年代早期，因为一些至今仍无法明确的原因，生产率增长大幅下降，使得趋势增长率也随之下降。

youdao

Forecasts for growth in 2001 have been falling, although the average prediction of 2.3% made by The Economist's panel in May was still only a little below the trend rate of growth.

ECONOMIST: Interest rates

Likewise, low growth that is below trend in an economy with a high trend rate of growth (perhaps because of a fast-growing labour force or high productivity growth) will feel like a recession and will cause unemployment to rise.

ECONOMIST: s have a dismal record in predicting recession

In the short run that includes keeping fiscal-easing measures in place, at least until there is less deflationary slack in the economy. (So far the government has prevaricated about the need for continued fiscal stimulus.) In the longer term, it should strive to raise Japan's trend rate of growth, which many reckon has fallen to about 1% a year from 1.5-2% previously, as the population shrinks.

ECONOMIST: Deflation in Japan