英语翻译
If the administration had a fiscal program for the recession．its first opportunity to initiate it,or at least to announce it,came in January,1954,with the annual budget message and economic report．By this time it was clear that the economy was receding in the transition to peace,although the administration never used the term“recession” The rate of unemployment in December was still only 3 percent according to the figures then available,but it had risen from I．8 percent in October．The economic report reflected some concern：“But it was important that the transition．if there was to be one,be carried through without shock and that the readjustment be moderate and not cumulate．It is well to recognize,however,that a11 inventory Eisenhower Economics.