VOA标准英语10月-World Economy Heading into Major Slowdown, says I
时间：2019-02-03 作者：英语课 分类：VOA标准英语2008年（十月）
Olivier Blanchard (undated photo)
IMF chief economist 3 Olivier Blanchard says the financial crisis will significantly slow global growth during the next year. Speaking at the start of the Washington annual meeting of the IMF and World Bank, Blanchard said the crisis is having its severest impact in advanced economies.
"We predict that growth in advanced countries will be close to zero, or even negative, until at least the middle of 2009, with a slow recovery until the rest of the year," he said.
Blanchard, a French economist and professor at the Massachusetts Institute of Technology, says world growth has been sustained by robust 4 growth in China and India. But, he says emerging markets will soon feel the effects of the financial crisis, as well.
"All, or nearly all [emerging economies], will suffer from lower exports to advanced economies, and this will slow down their growth," he said. "Most will suffer from more expensive foreign credit. We are already seeing this happen."
Wall Street trader, 08 Oct 2008
In preparing its forecast, the International Monetary Fund assumed coordinated 5 action by the Americans, Europeans and Japanese to stimulate 6 growth and avoid a global downturn. The Fund says, after safeguarding financial institutions, governments should use fiscal 7 policy to put more money into the hands of consumers.
IMF economists 8 applaud Wednesday's action by major central banks acting 9 in concert to cut interest rates, a move intended to boost consumer demand by making the cost of credit cheaper. This followed a series of measures taken in recent days to ease the credit crunch 10, but stock markets have continued to fall amid concerns about global recession.
Blanchard says the financial shock that first shook banking 11 institutions has spread to businesses and consumers.
"Now, consumers and firms have weathered the recent oil and commodity price increases surprisingly well," said Blanchard. "Consumption and investment demand remain quite strong. But, what we see now is that demand is falling very sharply."
Blanchard and his IMF colleagues say there is no chance of a repeat of the global depression of the 1930s, because the lessons of that painful decade have been learned. Foremost among them is that consumer demand must be maintained, so that economic activity does not spiral downward amid corporate 12 failures and steeply rising unemployment.
- The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
- Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
- I could see the dawn breeze rippling the shining water. 我能看见黎明的微风在波光粼粼的水面上吹出道道涟漪。
- The pool rippling was caused by the waving of the reeds. 池塘里的潺潺声是芦苇摇动时引起的。
- He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
- He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。
- She is too tall and robust.她个子太高，身体太壮。
- China wants to keep growth robust to reduce poverty and avoid job losses,AP commented.美联社评论道，中国希望保持经济强势增长，以减少贫困和失业状况。
- The sound has to be coordinated with the picture. 声音必须和画面协调一致。
- The numerous existing statutes are complicated and poorly coordinated. 目前繁多的法令既十分复杂又缺乏快调。 来自英汉非文学 - 环境法 - 环境法
- Your encouragement will stimulate me to further efforts.你的鼓励会激发我进一步努力。
- Success will stimulate the people for fresh efforts.成功能鼓舞人们去作新的努力。
- The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
- The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。
- The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
- Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》
- Ignore her,she's just acting.别理她，她只是假装的。
- During the seventies,her acting career was in eclipse.在七十年代，她的表演生涯黯然失色。
- If it comes to the crunch they'll support us.关键时刻他们是会支持我们的。
- People who crunch nuts at the movies can be very annoying.看电影时嘎吱作声地嚼干果的人会使人十分讨厌。
- John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
- He possesses an extensive knowledge of banking.他具有广博的银行业务知识。