首页
登录
职称英语
“The US economy is rapidly deteriorating,” says Mr. Grannis. “The odds of a r
“The US economy is rapidly deteriorating,” says Mr. Grannis. “The odds of a r
游客
2023-12-20
58
管理
问题
“The US economy is rapidly deteriorating,” says Mr. Grannis. “The odds of a recession are now very high, perhaps by the end of the year.” There are already some signs that important pillars are weakening. Consumer confidence has fallen for the past two months. The housing sector, which has been buoyant, is starting to sink. Corporate profits are falling. Some analysts are especially concerned over the sharp fall of commodity prices. They believe it represents the threat of deflation, it could cause a global slowdown. “The Fed will have to act forcefully to arrest the deflationary forces,” says Robert Lamorte, chairman of Behavioral Economics, a consulting firm in San Diego.
But others counter that the central bank doesn’t need to intervene. They argue the Fed should wait to see real data before acting. "The fundamentals are better than the stock market reflects", says Peter Kretzmer, an economist at Nations-Bane Montgomery Security. Indeed, President Clinton tried to do his part to calm the market during his trip to Moscow, citing the strong job market and balanced budget. "We believe our fundamental economic policy is sound," he said. His comments echoed statements by Peter Rubin in Washington.
Some numbers do continue to reflect a strong economy. On Sep. 1, the Conference Board released its index of leading indicators. The index rose 0. 4 percent, prompting the business organization to predict that the nation’s output should increase at a moderate pace for the rest of 1998. The group sees little risk of recession in the near term.
But what has changed is the global economy. Japan and the rest of Asia are in recession. The woes are spreading to Latin America.
"I’m now convinced we are going to have a global economic recession," says Sung Won Sohn, chief economist at Norwest Corp, a Minneapolis-based bank. But, he added, it’s not certain the US will slide into a period of negative growth. He rates the risk of recession at only 10 to 15 percent. "We will be responding to the world economic situation rather than leading it," he says. Still, Fed watchers don’t think the central bank will act to try to save the world. "It’s inconceivable the Fed could make much difference in Asia, Russia, or Latin America," says Lyle Gramley, a former Fed governor.
After the last stock market crash, in 1987, the Federal Reserve acted quickly to provide liquidity to the markets and to lower interest rates. But the economy is in better shape this time. The banking sector is stronger and the financial markets have been able to respond to the enormous trading volume. "It is not the Fed’s job to manage the stock market," says Mr. Kretzmer. But the Fed will keep a close watch on Wall Street. If the market were to shave another 1,500 points off the Dow by the end of September, "then the Fed would think a- bout lowering interest rates," says Mr. Gramley. In his view, the Fed’s main concern will be the impact of a sliding market on consumer confidence. Since 40 percent of the nation has investments in the stock market, any prolonged slide might make individuals feel less wealthy.
They would cut back on vacations and "splurge" purchases. He expects the central bank to watch the next consumer confidence surveys and housing statistics closely. [br] Which of the following is the most appropriate title for this passage?
选项
A、Threat of Deflation in US.
B、Economic Situation in US.
C、Where US Economy is Heading.
D、The Sign of Recession in US Economy.
答案
C
解析
主旨大意题。A、D两项虽然文中都提到过,但明显不能概括全文大意,因此不能作为本文题目。而B项虽概括陛强,但稍嫌笼统,也不适合作题目。只有C项不仅紧扣全文主题—US Economy,更是指出对于未来的发展变化人们还有多种不同的意见和声音。
转载请注明原文地址:http://tihaiku.com/zcyy/3290823.html
相关试题推荐
[originaltext]TheeconomyoftheUnitedStatesafter1952wastheeconomyof
[originaltext]TheeconomyoftheUnitedStatesafter1952wastheeconomyof
[originaltext]TheeconomyoftheUnitedStatesafter1952wastheeconomyof
IfJapan’seconomyhasbeenpulledsteadilyoutofthesloughintowhichit
IfJapan’seconomyhasbeenpulledsteadilyoutofthesloughintowhichit
IfJapan’seconomyhasbeenpulledsteadilyoutofthesloughintowhichit
TheUSeconomyshouldexpandmodestlyincomingmonthsasahealthyjobmark
TheUSeconomyshouldexpandmodestlyincomingmonthsasahealthyjobmark
Oursisanagrarianeconomy.Wemustbecomeself-sufficientinfoodtofeed
NowtheU.S.economygrowthrateis______.[br][originaltext]Host:AtFri
随机试题
Choosethecorrectletter,A,BorC.[br]BettyexplainsthattheColvilleCent
Manythingsaboutlanguageareamystery,andmanywillalwaysremainso.Bu
Atthattimenoone’sevenstudiedtheproblem,______triedtodoanythingabou
创新思路,加强领导,确保在学生党组织和党员中深入开展创先争优活动取得实效,积极探
A
厚板焊接中产生的残余应力的方向是()。A.垂直于板面方向 B.平行于板面长
与图文声像导游服务相比,实地口语导游将始终处于主导地位是因为( )。A.导游服务
为了控制“禽流感”的传播,将感染禽流感鸡场的鸡全部集中捕杀深埋,其目的是()
投资项目决策分析与评价的基本要求包括贯彻落实科学发展观、资料数据准确可靠和()
根据《建筑法》的规定,以下关于建筑工程的发包、承包方式的表述,正确的是()。A
最新回复
(
0
)