It may be a well-informed, well-researched opinion, but it's still an opinion, so talk tentatively and slightly understates your confidence.

这可能是一个信息丰富、经过充分研究的观点，但它仍然是一个观点，因此，应用试探性的语气谈论，并稍微减少一点你的自信。

However, this understates Japan's total.

然而，这却低估了日本的总出口。

But that amount way understates the problem.

但这一数额的方式低估了问题。

The headline figure understates the problem.

标题数字低估了问题。

Yet this, too, understates the potential for battle.

然而，这也同样低估了竞争的规模。

Therefore it understates the likely long-term gains.

因此，这个模型缺少可能随之而来的长期收益。

That reckoning, however, understates the likely impact.

然后这种测算低估了可能的影响。

The seemingly modest unemployment rate of 4.4% in February understates the pain.

二月份貌似适度的4.4%的失业率并没有如实地反映痛苦。

Mrs Merkel wants the euro zone to be a "stability union", but this understates her ambition.

默克尔希望欧元区成为一个稳固的团体，但是这低估了他的野心。

However, even if the official measure understates inflation, the changes in it may still be a.

但是，即使官方数字低估了通胀率，通胀率在不同时段的变化仍是一个有效的指标。因此高盛对通胀率数据的评级较高。

As all NIA members know, the CPI understates inflation through geometric weighting and hedonics.

所有NIA的成员知道，CPI通过几何加权低估了通货膨胀。

And the comparison understates the cost of hiring in Brazil: its payroll taxes are among the world's highest.

而这些比较低估了巴西的聘雇成本︰巴西的薪资所得税比例仍是全球最高的。

However, even if the official measure understates inflation, the changes in it may still be a fair gauge over time.

然而，即使官方统计低估通胀，随着时间变化，通胀变化仍然不失为一有效指标。

The trouble with this argument is that it overstates the benefits of an Obama-Clinton partnership and understates the costs.

这种观点的问题在于它高估了奥巴马与克林顿合作的好处，而低估了代价。

That understates the role of Greek-Turkish friendship groups, or groups dedicated to music or films that both countries like.

那显然低估了“希腊-土耳其”交友小组、或者致力于两个国家都喜欢的音乐和电影的小组扮演的角色。

But the clarity that hindsight bestows is also misleading, because it understates how confusing things appeared to people at the time.

然而，即便是时候聪明得出的清晰结论也可能是误导的，因为往往低估了当时出现在人们面前的情况是多混乱。

That probably understates the true effect, because even private firms understand that their existence depends on their relations with the state.

这一表述可能低估了真实的情形，因为，即使是私营公司，也清楚他们的生存取决于同国家的关系。

But Hong Liang, an economist at Goldman Sachs, reckons that the M2 measure of money understates the amount of liquidity sloshing around in China.

然而，高盛公司的经济学家梁红认为M2措施低估了晃荡在中国的流动性资金的数量。

The drop in GDP growth to just 1.8% in the first quarter of 2011, from 3.1% in the final quarter of last year, understates the extent of the decline.

今年一季度的GDP增长率从去年四季度的3.1%下降到仅为1.8%的水平，但这样的降幅还是低估了衰退的程度。

At the end of 2009 these Banks had a weighted-average Tier-1 capital ratio of 10%, in line with rich-world Banks, but this probably understates their advantage.

在2009年底，这些银行的加权平均一级资本比率为10%，与富裕世界的银行一致。但这可能低估了它们的优势。