During recessions , the private sector retrenches and the government deficit widens .

在衰退期间，私人部门节省开支，政府赤字扩大。

Provided global trade continues to expand , industrial firms should be able to push up exports and spur growth , even as the state retrenches .

如果全球贸易额继续扩大，即是国家处于紧缩状态，工业公司也仍将能推动出口，加速增长。

As the government retrenches , it will have to be the private sector that pulls the country out of the doldrums .

由于政府再度缩减开支，私营成分无疑将拉动国家走出经济萧条的困境。