欧洲必须尽快采取措施解决这一问题，否则将会陷入毁灭性的通货紧缩螺旋，恐怕要等数年之后才能解脱。

Something must be done to address this investment shortfall as soon as possible or else Europe could find itself caught in a destructive, deflationary spiral that could take years to unravel.

youdao

毫无疑问，随着经济逐渐触底，国内衰退速度减缓，通货紧缩和经济活动的螺旋式下降发生的可能性越来越小。

To be sure, with the economy gradually finding a bottom and the rate of decline in home prices slowing, the chances of a downward spiral of deflation and economic activity have diminished.

youdao

法国兴业银行建议熊抛售美元和“短”，如科技，汽车周期性股票，旅游要避免成为“固有陷入通货紧缩的螺旋”。

SocGen advises bears to sell the dollar and to "short" cyclical equities such as technology, auto, and travel to avoid being caught in the "inherent deflationary spiral".

youdao