The size of the policy response grew too.

政府也加大了应对政策的力度。

At present markets are priced for a fairly conventional policy response.

目前，市场是根据相当常规的政策回应做出的定价。

The World Bank says if global conditions worsen and national policy responses are weak, growth in the region could slow to 4 percent.

世界银行表示，如果全球条件恶化，国家政策反应不力，该地区的增长可能放缓到 4%。

But in terms of its actual effects, I don't think we have clear evidence yet that that particular policy response is having a major impact.

但就实际效果而言，我认为我们还没有明确证据表明该特定政策应对措施正在产生重大影响。

Graham Secker of Morgan Stanley, a bank, argues that the policy response to covid-19 has shocked the economy out of secular stagnation—the slow-growth, low-inflation malaise preceding the pandemic—and marks a new era.

摩根士丹利银行的 Graham Secker 认为，对 covid-19 的政策反应使经济摆脱了长期停滞——大流行之前的缓慢增长、低通胀的萎靡不振——并标志着一个新时代的到来。