首页
登录
职称英语
It may seem an odd time to worry about savings. This week the National Bure
It may seem an odd time to worry about savings. This week the National Bure
游客
2024-05-30
31
管理
问题
It may seem an odd time to worry about savings. This week the National Bureau of Economic Research declared that the world’s, largest economy, America, had been in recession since December last year. The economies of Japan and much of Western Europe have been declining. A rapid, global, private-sector shift to thrift is exactly what the world economy does not need. That’s why governments around the world have been passing hurried measures to try to encourage people to spend more of their incomes.
In some countries, they should. Asians (and Germans too), have been saving their money with excessive enthusiasm. But other countries’ citizens have been putting too little aside for their old age. In America,the household savings ratio (the proportion of disposable income not used for consumption) has been below 2.5% since 1999; in Britain, it has been below 3% in each of the past two years. The Asians’ thrift made the Anglo-Saxons’ extravagance possible. Through their Increasingly sophisticated financial systems, the Americans and British were able to borrow from the thrifty Asians to finance their spending. And, because their house prices were rising so fast, they had the confidence to do so.
In other words, Anglo-Saxons were able to save their cake and eat it. They did not have to sacrifice consumption in order to build up assets for the future, because loose monetary policies encouraged borrowing that pushed up the prices of housing and other assets, which gave them the illusion of having saved enough. But now this debt burden is being unwound, asset prices are collapsing and savings rates are rising because consumers are unwilling, or unable, to borrow.
Though this is bad news for the American and British economies in the short term, it ought to be good news in the long term. How good, though, depends as much on where people put their savings as on how much they put aside. [br] The economy of America, since December last year, has been undergoing a state of ______.
选项
答案
recession
解析
由定位句可知,从去年12月份开始,世界最大的经济大国美国的经济就一直不景气(recession);由a state of可知空白处要填入一个名词或名词性短语,意思为“一直经历……状态”,所以此处应填入recession。
转载请注明原文地址:https://tihaiku.com/zcyy/3612772.html
相关试题推荐
TheNationalTrustinBritain,togetherwithsimilarvoluntaryorganization
TheNationalTrustinBritain,togetherwithsimilarvoluntaryorganization
Itmayseemanoddtimetoworryaboutsavings.ThisweektheNationalBure
Itmayseemanoddtimetoworryaboutsavings.ThisweektheNationalBure
Itmayseemanoddtimetoworryaboutsavings.ThisweektheNationalBure
Itmayseemanoddtimetoworryaboutsavings.ThisweektheNationalBure
Thecurseofjetlaghasstruckmostinternationaltravelersatonetimeor
TheObesityisanationalhealthcrisis,onethat—quiteliterally—weighson
TheObesityisanationalhealthcrisis,onethat—quiteliterally—weighson
TheObesityisanationalhealthcrisis,onethat—quiteliterally—weighson
随机试题
WhatYouriPadKnowsAboutYou[A]You’vefinallyfinishedt
Thetermmotionpictureindustryusuallyreferstothetheatricalmotionpic
YourPasswordorYourPr
TCA中底物水平磷酸化直接生成的是ATP。
素描作品《血衣》的作者是()。A.罗工柳 B.董希文 C.王式廓 D.徐
近日,由中国、意大利、美国学者组成的研究团队,最新研发出一种三维石墨烯——碳纳米
A. B. C. D.
宏鑫建筑公司的一台吊车在施工作业时,因操作不当致使附近一民宅倒塌,民宅内部分家具
某患者因抑郁症用文拉法辛(75mgbid)治疗,用药7天,疗效不佳,下列药师用
某天某医院所有患者的普查结果A.可对接受治疗的患者给出可靠诊断 B.可估计出该
最新回复
(
0
)