They accused the company of understating the dangers of the drug.

他们指责该公司低估了药物的危险性。

"Surprised" might be understating it.

“吃惊”也只能是说是轻描淡写。

If you ask me, he was understating the case.

如果你问我怎么看，我要说他是低估了现状。

He may be understating the costs of higher inflation.

他或许正在淡化更高通胀率的代价。

I thought that they were understating the benefit from cheap consumer goods.

我原以为他们理解便宜的消费品给他们带来的好处。

Even then, Mr Blanchard might be wrong. He may be understating the costs of higher inflation.

即使是这样，布兰查德可能也是错的。