It threatens to curtail a modest recovery in consumer spending on items like apparel and electronics.

高油价将威胁到消费者在服饰与电子产品消费上的适度复苏.

Industries like retailing will have largely taken their lumps by the end of next year, paving the way for a modest recovery.

像零售业一类的企业，明年底以前便会度过难关，为缓和复苏铺路。