cyclically

In the March 2008 Budget, the Treasury estimated the structural cyclically adjusted deficit on the current budget at minus 0.7 per cent in 2007-08 and minus 0.5 per cent in 2008-09.

英国财政部在2008年3月预算案中估计，经周期调整的结构性经常预算赤字比例在2007-08年度为-0.7%，在2008-09年度为的-0.5%。

At times of rapidly increasing leverage, such as the 2000s, cyclically unadjusted earnings are likely to prove particularly meaningless because they are intensely vulnerable to changes in economic conditions.

在负债迅速上升时期，例如本世纪初，未经周期调整的收益可能尤其没有意义，因为它们很容易受到经济环境变化的影响。

Cyclically buoyant earnings are further encouraging companies to gear up – with the added benefit that high leverage can discourage private equity bidders.

周期性的收益增长，进一步鼓励企业提高杠杆比例，而这样做的另外一个好处在于，高负债率可以打消私人股本集团的收购兴趣。