U.S.economy expands 3.2 percent in 4th quarter of 2010
WASHINGTON, Jan. 28 (Xinhua) -- The U.S. economy expanded by an annual rate of 3.2 percent in the fourth quarter of 2010, partly boosted by personal consumption and exports, the Commerce Department（商务部） reported Friday.
U.S. real gross domestic product rose at an annual rate of 3.2 percent in the fourth quarter of 2010, quicker than the 2.6-percent pace in the third quarter of 2010. It was the best quarterly showing since the start of last year.
For all of 2010, the economy grew 2.9 percent, the most since 2005. It was an improvement from 2009 when the economy suffered its worst decline in more than 60 years.
Increased consumer spending was a key reason the economy grew more strongly. Americans boosted their spending at a 4.4 percent pace, the most since 2006. They spent more on furnishings, appliances, cars and clothes.
That's largely why economists 1 are more optimistic about the economy's performance this year. Consumer spending accounts for roughly 70 percent of overall economic activity.
"The increase in real GDP in the fourth quarter primarily reflected positive contributions from personal consumption expenditures 2, exports, and nonresidential fixed 3 investment that were partly offset 4 by a negative contribution（贡献） from private inventory 5 investment. Imports, which are a subtraction 6 in the calculation of GDP, decreased," the Commerce Department said.
Stronger sales of U.S. exports to foreign buyers was another major force helping 7 the economy at the end of last year. Exports grew at a 10 percent pace, up from a 5.8 percent pace in the July-September quarter. Economists expect sales of exports to continue to provide support for the economy this year.
Business spending on equipment and software also helped growth in the October-December quarter. Businesses also started spending again on home building and commercial construction projects after deep cutbacks.
Government spending, however, stopped being a source of growth for the economy at the end of last year. It dipped 0.6 percent in the October-December quarter _ the first drop since the start of 2010.(本文由在线英语听力室整理编辑)
- 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》
- We have overspent.We'll have to let up our expenditures next month. 我们已经超支了，下个月一定得节约开支。 来自《简明英汉词典》
- The pension includes an allowance of fifty pounds for traffic expenditures. 年金中包括50镑交通费补贴。 来自《简明英汉词典》
- Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗？
- Once the aim is fixed,we should not change it arbitrarily.目标一旦确定，我们就不应该随意改变。
- Their wage increases would be offset by higher prices.他们增加的工资会被物价上涨所抵消。
- He put up his prices to offset the increased cost of materials.他提高了售价以补偿材料成本的增加。
- Some stores inventory their stock once a week.有些商店每周清点存货一次。
- We will need to call on our supplier to get more inventory.我们必须请供应商送来更多存货。
- We do addition and subtraction in arithmetic.在算术里,我们作加减运算。
- They made a subtraction of 50 dollars from my salary.他们从我的薪水里扣除了五十美元。