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从1979年秋开始,西方主要国家先后陷入一次新的经济危机。 79年7月,英国工业生产开始下降。1980年2月,美国进入危机(有人认为1979年4月美国的工业生产下降已是危机的开端)。接着,西德、法国和意大利先后出现不同程度的危机迹象,日本经济也处于增长迟滞状态。在生产下降的同时,各国失业人数激增。通货膨胀仍然严重,国际收支恶化。工业生产下降以英国为最严重,到1980年9月已下降15个月,降幅14％,超过1973～75年危机时降幅(11％)。制造业已降至13年来最低水平。美国从1980年2月至7月连续下降6个月,降幅8％。由于汽车制造、建筑业和钢铁业三大工业部门生产急剧下降,去年第二季度国民生产总值按年率计算比第一季
Since the autumn of 1979, the major Western countries have plunged into a new economic crisis. July 79, the British industrial production began to decline. In February 1980, the United States entered a crisis (it was thought that the U.S. industrial production decline in April 1979 was the beginning of a crisis). Then, West Germany, France and Italy have seen some signs of crisis to varying degrees, and Japan’s economy is also hysteresis of growth. At the same time as the decline in production, the number of unemployed in all countries surged. Inflation is still serious and the balance of payments deteriorated. The decline in industrial production was the worst in the United Kingdom, which dropped 15% in September 1980 by 14%, surpassing that of the 1973-75 crisis by 11%. Manufacturing has dropped to its lowest level in 13 years. The United States dropped continuously for 6 months from February to July 1980, a decrease of 8%. Due to the sharp drop in the production of the three major industrial sectors, namely, automobile manufacturing, construction industry and steel industry, the GDP of the second quarter of last year was calculated at an annual rate more than that of the first quarter