首页
登录
职称英语
In recent years there has been much talk of a "renaissance" in American manu
In recent years there has been much talk of a "renaissance" in American manu
游客
2023-08-18
49
管理
问题
In recent years there has been much talk of a "renaissance" in American manufacturing. A few things seemed to be on the side of the makers. For instance, until recently the dollar was weak. American wages were stagnant, but those in China were booming. Cheap shale oil and gas gave factories a boost. But as we argued recently, talking of a renaissance is overblown. And new figures, released today, add to the mounting pile of evidence saying that manufacturing growth is starting to slow.
We argued before that although there has been a recovery in American manufacturing in recent years, it is not a sustainable one. Employment in the sector is still lower than before the crash. So is one important measure of output: real value added. In short, America has not got better at producing stuff.
Also, much of the recovery in American manufacturing seems to be based on a cyclical boom in " durable" goods—things that you expect to last a long time, like cars and fridges. During the recession, orders for durable goods plunged. That’s because it is quite easy to put off such purchases. By contrast, it is more difficult to put off purchases of non-durable goods, like medicines, because people tend to consume them more frequently.
After the recession, production of durable goods soared. Cheap credit, for instance, spurred demand for new motors and rapid growth in carmaking. That sector accounted for over a third of the durable growth from 2009 to 2013. Yet a recovery based on a few durables industries is unsustainable. This is because when pent-up demand is satisfied, a few big industries will suffer. Overall output is likely to stall.
New data confirm this prediction. Orders for durable goods fell by 1.4% in February. Motor-vehicle orders fell by 0.5% . It is possible that the recent bad weather has had an effect here. But it may be a sign of something more troubling. As economists at Capital Economics, a consultancy, argue, "The more general malaise started back in the autumn of last year. Indeed, core orders have now fallen in every month since last October. "
In recent months, non-durable goods have also fallen quite rapidly. What explains all this? The obvious culprit is the strong dollar, because it makes manufacturing exports(which account for roughly half of America’s total)more expensive. Alternatively, it may be because consumers are starting to pull back on spending. In January, consumer credit grew at the slowest pace in over a year, according to recent data from the Federal Reserve. In recent months consumer confidence has dropped a bit. And companies may not be so confident, either, and are thus not in the mood to add to capital stock, says Steven Ricchiuto of Mizuho Securities, an investment bank. This does not bode well for American manufacturing or, indeed, for economic growth overall. [br] What does the author say about the recovery in American manufacturing?
选项
A、It may be put to an end soon.
B、It is merely an illusion.
C、It is a bounce before breakdown.
D、It lacks essential support.
答案
D
解析
推理判断题。定位句指出,美国制造业近年来的复苏是不可持续的,并认为美国的商品制造业并未得到改善。由此可知,作者显然是认为美国制造业的所谓复苏并不是根本的,缺乏有力的支撑,故答案为D)。A)“它可能很快会结束”,尽管作者认为复苏是不可持续的,但并没有说它会很快结束,故排除;B)“它只是一种假象”,第二段首句已经明确指出,美国制造业近年来有所复苏,这不是假象,故排除;C)“它是崩溃之前的反弹”,文中并没有提及这一点,故排除。
转载请注明原文地址:https://tihaiku.com/zcyy/2935465.html
相关试题推荐
Since2007,theAmericanPsychologicalAssociation(APA)hasconductedasurve
Since2007,theAmericanPsychologicalAssociation(APA)hasconductedasurve
Since2007,theAmericanPsychologicalAssociation(APA)hasconductedasurve
Since2007,theAmericanPsychologicalAssociation(APA)hasconductedasurve
Since2007,theAmericanPsychologicalAssociation(APA)hasconductedasurve
Since2007,theAmericanPsychologicalAssociation(APA)hasconductedasurve
[originaltext]Americanswhoremember"thegoodolddays"arenotaloneinc
[originaltext]Americanswhoremember"thegoodolddays"arenotaloneinc
[originaltext]AmericanvisitorstoEastAsiaareoftensurprisedandpuzzle
[originaltext][16]Atfirst,mostAmericansdidn’tthinktherewasanything
随机试题
AWorldWithoutBooksOrMusicIfbookshadneverbe
泌尿系最常用的辅助检查为()。A.CT B.IVP C.KUB D.B
为预防腰麻的血压下降,最好先肌内注射A.麻黄碱 B.以上均不适宜 C.异丙肾
无形资产分成率的高低通常与对应产品的销售利润率的大小有关的企业类型是( )。A.
症见右少腹疼痛拒按,按之其痛如淋,甚则局部肿痞,或右足屈而不伸,伸则痛剧,小便自
(共用题干)患者,男,35岁。心脏骤停初期复苏成功。但患者意识不清,心电图示三度
根据《城乡规划法》的规定,下列关于对城乡规划的权力机关的监督内容表述中不符合规定
自动控制系统输出量的实际值与希望值之差指的是()。A.偏差信号 B.误差
在一定条件下热轧钢筋接头可采用绑扎连接,这些条件是()。A、钢筋直径≤22mm
在正常使用条件下,以下关于建设工程最低保修期限的说法,符合《建设工程质量管理条例
最新回复
(
0
)