faced with such a grim situation , inflation , economic slowdown the growth of the dual pressures , China should adopt a flexible monetary policy from tight to avoid the economic " hard landing . "面对此种严峻形势,通货膨胀、经济增长趋缓的双重压力,我国应采取灵活从紧的货币政策,避免经济的“硬着陆”。
+grim reality
1 . 严峻的现实
Perhaps even more grim reality is yet to come ., 更加严峻的现实或许还在后头.