Both recessionary and inflationary gaps caused serious problems.

衰退和通货膨胀缺口导致了严重问题。

I mean, everybody's kind of in this recessionary environment, strong dollar environment.

我的意思是， 每个人都处在这种衰退的环境中， 美元走强的环境中。

So we're leading this kind of double life where everybody is waiting for the recessionary shoe to drop and it sort of refuses to do so.

所以我们过着这种双重生活， 每个人都在等待经济衰退的鞋子掉下来， 但它有点拒绝这样做。