私人家庭的需求，特别是在消费方面，在过渡透支的国家（美英，西班牙，爱尔兰，澳大利亚，新西兰等）依然持续下滑，相当疲软。 对那些储蓄较高的国家（中国，亚洲，德国和日本等）来说，增长的速度也没有想象的那么快，没法弥补出口下滑带来的影响。
Domestic private demand, especially consumption, is now weak or falling in over-spending countries (the US, the United Kingdom, Spain, Ireland, Australia, New Zealand, etc.), while not increasing fast enough in over-saving countries (China, Asia, Germany, Japan, etc.) to compensate for the reduction in these countries’ net exports.