The US was exceptional in many ways last year. A large fiscal expansion accelerated growth while the world was slowing. Core inflation as measured by the personal consumption expenditures price index climbed to the US Federal Reserve’s 2 per cent target for the first time in more than six years but remained stuck far below target in Europe and Japan.
去年美國在許多方面表現出色。大規模的財政擴張使美國經濟加快成長，同時世界經濟卻在放緩。以個人消費支出價格指數衡量的核心通膨率六年多以來首次攀升至美聯準設定的2%目標，而歐洲和日本的通膨率仍遠低於目標。
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