Hi, Benny. Please take a look at the following paragraph:

邱晓华在中国民营经济发展分析会上说，目前中国经济存在一些投资失控和商品价格上涨较高的问题，但总体看既要防“通胀”更要防“紧缩”，要在两个方面采取措施消除可能带来的问题。

I don’t understand this part “但总体看既要防“通胀”更要防“紧缩””

Pleae tell me what does 既要 and 防 means in the sentence, as well as what does 通胀, 更要防 and 紧缩 means?

Also what does the whole sentence 但总体看既要防“通胀”更要防“紧缩” means?

Thanks a lot!
Lee Kong