The distortion in a growth rate that comes from the size of the period it is compared with.
基数效应
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | The trillion-dollar surplus is a mirror, not a medal 基数效应 · 第 9 张术语卡 | Exports are being measured against a weak 2025, which inflates today's number and will deflate next year's. 同比增速＝今年÷去年−1，所以去年的高低会直接改写今年的读数。判断真实动能要看两年平均增速或环比。文中 ING 说「考虑到基数效应」，意思就是：今年的高增长里有去年的低基数，明年这个礼物会被收回去。 |