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The annual gathering¹ of political, economic and government leaders comprising the World Economic Forum² has opened in Davos, Switzerland. That participants are buzzing about the fear of recession and the dramatic falls in world equity³ markets.

世界经济论坛在瑞士的达沃斯开始举行。这一次年度会议的与会者由各国政界、经济界和政府领导人组成。与会者都对经济衰退和各国股市大幅度下跌表示担忧。

At an opening press conference, the co-chairmen of this year's meeting expressed disparate views about the economic outlook and financial market volatility⁴. David O'Reilly, the head of the Chevron⁵ Oil Company, said fears of global recession are unwarranted.

在世界论坛开幕式举行记者会时，今年会议的主席之一、雪弗龙石油公司的负责人奥赖利对经济前景和金融市场的起伏发表了完全不同的观点。奥赖利说，担心全球发生经济衰退是没有根据的。

"The United State economy will correct itself, and perhaps even more quickly than people realize," he said. "It is a pretty big, and a resilient economy. I also subscribe⁶ to the view that it is not going to impact the rest of the globe, maybe as much as it has in the past."

他说：“美国的经济会自我纠正，纠正的速度也许会比人们想象的更快。美国的经济规模很大，也很有弹性。有的人说，美国经济不会影响全球其他地方，或许不像过去产生的影响那么大。我同意这种观点。”

O'Reilly suggested that the news media is making too much of the current turmoil⁷.

奥赖利认为，新闻报导夸大了目前的经济动荡。

KV Kamath is the head of ICICI Bank in India. He says the market declines that began in the United States two weeks ago have had little impact in India.

卡马斯是印度工业信贷投资银行的总裁。他说，两个星期前在美国开始的市场下滑对印度没有任何影响。

"I think to some extent, at least from the Indian context, as of now we are not seeing any significant impact, but it is [too] early to say," he said.

卡马斯说：“从某种程度上来说，至少从印度的情况来看，到现在为止，我们没有看到任何严重的影响。但是这样说还早了点。”

The U.S. banker co-chairing this year's forum is James Dimon, the chief executive officer of JPMorgan Chase in New York.

世界经济论坛今年的主席之一、美国银行家戴蒙是纽约摩根大通银行的首席执行官。

"We have had financial crises every five years for the past 100 years. And they all come from a different nature and a different source. And they have all been resolved," he noted⁸.

他说：“世界经济过去100年来每5年都发生金融危机，它们的性质都不同，它们的原因也不同。然而，我们都解决了。”

Fred Bergsten, the head of an economic research agency in Washington, says because fast-growing China and India are not excessively reliant on exports to the U.S. market, it is inconceivable that a global recession will occur this year.

华盛顿一个经济研究机构的主席贝格斯腾说，因为中国和印度的快速增长并不过于依赖对美国市场的出口，所以难以想象今年全球经济会衰退。

Former British prime minister Tony Blair said he expects this meeting to focus on ways of further integrating dynamic East and South Asia into the world economy.

英国前首相布莱尔说，他预计这次会议能够着重讨论把充满活力的东亚和南亚经济进一步融入全球经济的办法。

"There is a whole dimension to the Davos debate now that is very much centered around the role of China and the role of India, and also the other emerging economies," he explained.

布莱尔说：“目前在达沃斯的辩论是全方位的，主要围绕着中国、印度以及其它新兴经济体的作用展开。”

Blair said global power is shifting to East and South Asia.

布莱尔说，全球的力量正在向东亚和南亚转移。