IMF says US economic recovery still policy driven
WASHINGTON, Oct. 19 (Xinhua) -- Thanks to a massive（巨大的） and sustained（持久的） policy response, the U.S. economy has continued to recover from the worst recession（衰退,不景气） since the Great Depression, but the recovery remains 1 policy driven so far, said an International Monetary 2 Fund (IMF) report released on Tuesday.
In the report, titled Regional Economic Outlook -- Western Hemisphere, the IMF said that the U.S. "near-zero monetary policy rates and a doubling of the Federal Reserve' s balance sheet provided liquidity 3 support to the economy."
It also noted 4 that the U.S. government fiscal 5 stimulus 6 measures added more than 1 percent to growth in 2009, with a smaller effect expected in 2010. Capital injections in major financial institutions(金融机构), emergency lending, stress tests, and guarantees stabilized 7 financial conditions and broke the adverse 8 macrofinancial spiral.
"As a result, stimulus-sensitive components 9 of demand bounced back, including auto 10 and house purchases which were beneficiaries of targeted subsidies," the IMF said.
Besides, the inventory 11 adjustment cycle began to turn around in mid-2009, contributing massively to the recovery.
In its latest World Economic Report released earlier this month, the IMF projected that the U.S. economy would grow 2.6 percent and 2.3 percent in 2010 and 2011, respectively.(本文由在线英语听力室整理编辑)
- He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
- The remains of the meal were fed to the dog.残羹剩饭喂狗了。
- 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。
- The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
- The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
- The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
- Jim is noted for arriving late for work.吉姆上班迟到出了名。
- 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。
- Regard each failure as a stimulus to further efforts.把每次失利看成对进一步努力的激励。
- Light is a stimulus to growth in plants.光是促进植物生长的一个因素。
- The patient's condition stabilized. 患者的病情稳定下来。
- His blood pressure has stabilized. 他的血压已经稳定下来了。 来自《现代英汉综合大词典》
- He is adverse to going abroad.他反对出国。
- The improper use of medicine could lead to severe adverse reactions.用药不当会产生严重的不良反应。
- the components of a machine 机器部件
- Our chemistry teacher often reduces a compound to its components in lab. 在实验室中化学老师常把化合物分解为各种成分。
- Don't park your auto here.别把你的汽车停在这儿。
- The auto industry has brought many people to Detroit.汽车工业把许多人吸引到了底特律。