Traduction de «écart cyclique en hausse » (Français → Anglais) :

J. whereas fluctuations in commodity prices may become a more pronounced and regular feature of the global market; whereas higher food prices do not automatically translate into higher farm incomes, mainly due to the speed at which farm-input costs increase and the growing divergence between producer and consumer prices; whereas the share of farmers‘ income from the food supply chain has substantially dropped, while the profits of processors and retailers have constantly increased; whereas consumer prices have increased; and whereas at least 30% of all food produced globally is wasted at different points along the food chain,

13. Notes that among the factors that most influence the price transmission mechanism and the gap between consumer and producer prices are: increasing concentration along the food supply chain, the degree of product processing, price rises linked to other external cost factors and speculation in agricultural commodities;

If in 2010 it is established that any Member State's cumulated GDP for the years 2007-2009 has diverged by more than ± 5 % from the cumulated GDP estimated pursuant to the second subparagraph, including as a consequence of exchange rate changes, the amounts allocated for that period to that Member State pursuant to the first subparagraph shall be adjusted accordingly.

Supporters of the inflation-targeting regime point out that the central bank policy is made symmetric under such a regime, that is, the central bank shall react not only to upward deviations but to downward ones as well.

6. Asks the Commission to propose, and the Council of Ministers to agree, cyclically adjusted budget balances as an additional operational target for each Member State to reinforce the disciplines of the Stability and Growth Pact and the convergence programmes. These targets should help Member States to avoid the pro-cyclical relaxation of fiscal policy during economic upturns, and therefore to avert subsequent problems during any downturn in respecting the 3% deficit limit;

6. Asks the Commission to propose, and the Council of Ministers to agree, cyclically adjusted budget balances as an additional operational target for each Member State to reinforce the disciplines of the Stability and Growth Pact and the convergence programmes. These targets should help Member States to avoid the pro-cyclical relaxation of fiscal policy during economic upturns, and therefore to avert subsequent problems during any downturn in respecting the 3% deficit limit.