So it looks as though the money will come too late to temper the recession of 2008-09, and may instead fuel another inflationary boom in a couple of years' time.

看起来，慢慢注入的资金像是很难缓解08——09年的经济衰退，或许在几年内会引发另一场通货膨胀。

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Despite high levels of unemployment, anti-inflationary strategies were maintained throughout the recession of 1980-82.

在1980 - 82年期间，尽管失业率高，但是反通货膨胀的战略始终没有放弃。

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Second, the scale of the recession means that it will be some time before inflationary pressures can emerge.

其次，这次衰退的规模意味着通货膨胀的压力还不会那么快显现。

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The recession stemmed from inflationary monetary policies which spurred over-investment in residential real estate.

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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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Nearly half a century later, Paul Volcker in 1981-82 put the country into a deep recession with high interest rates to curb inflationary expectations that were out of hand and destroying our competitiveness.

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