They began a process of economic deflation.是什么意思？

They began a process of economic deflation.

他们开始了一段经济紧缩的过程.

they

pron. 他/她/它们，人们，大家，政府，当局，她们；

例句
The storms had abated by the time they rounded Cape Horn.
他们绕过合恩角时，暴风雨已经减弱。

began

v. 开始( begin的过去式 )，着手，创始，创办；

例句
He began comically ad-libbing a script...
他即兴调侃起了一段剧本。

process

n. 过程，工序，做事方法，工艺流程；vt. 加工，处理，审阅，审核；vi. 列队行进；

例句
Once you have registered your particulars with an agency and it has banked your cheque, the process begins.
一旦在某个代理行登记了详细信息并由它将支票存入银行，这一程序就开始了。

of

prep. 关于，属于…的，由…制成；aux. 助动词 [非标准用语、方言] =have [主用于虚拟语气]；

例句
He did have a real knowledge of the country...
他对该国的确知之甚多。

economic

adj. 经济的，经济学的，合算的，有经济效益的；

例句
He's already altered several of the proposals in his economic plan to accommodate demands of special interests.
他已经改动了经济计划中的几项提议以迁就特殊利益集团的要求。

deflation

n. 通货紧缩，风蚀，降阶；

例句
There is something to both fears. But inflation is distant and containable, while deflation and pernicious.
两人的忧虑都有各自的某些理由. 不过,通膨为时尚远,也易操控; 而通缩则近在咫尺,为害尤烈.