2. 职称英语
  3. The dramatic collapse in American consumer confidence, following the World T

The dramatic collapse in American consumer confidence, following the World T

游客2024-10-04  34
问题     The dramatic collapse in American consumer confidence, following the World Trade Center attack, increases the likelihood that the US economy will slide into recession. It’s not a nice message, but there’s no point in ignoring life’s harsh realities.
    America’s economy had been dragged along for nearly 18 months by the refusal of US consumers to face up to the fact that they were spending more than they were earning, share prices(especially in the high-tech sector)were in retreat, corporate America was cutting investment, and US unemployment was about to rise. The devastation wrought by the suicide killers has shaken American consumers from their state of denial. In Europe too, consumers have been rattled by the Manhattan atrocity and President Bush’s subsequent determination to hunt down the killers. A survey by a research group on behalf of the European Commission shows consumer confidence falling across the eurozone countries.
    But it’s America that is the greatest cause for concern. When the US stops spending, the rest of the world suffers. It imports more than any other country. In Britain, for example, Americans represent a big chunk of the tourism market, especially in London. The US is also crucially important to British-based car manufacturers, such as Jaguar and Land Rover, which seem certain to feel the pinch along with other luxury brands. This economic slowdown is not the creation of fevered press minds; it’s real and it’s now. That’s why the US government is considering a $100 billion revival package, including cuts in capital gains taxes and corporate taxes, to stimulate demand. Likewise, central banks in America, Europe and Britain have trimmed interest rates to beat off a credit crunch and lubricate the wheels of commerce. Their swift action is a tacit admission that a deep recession is possible, if not probably.
    Leading US investment bank, Morgan Stanley, told the Financial Times, "Never in their lifetimes have so many Americans feared for their safety in going to work, taking time off, or in procuring their daily needs." Stock markets, where most international indexes are about 30% below their 1999-2000 peaks, are telling us that corporate earnings are likely to be much lower than analysts had expected. Some sectors, such as airlines, hotels and insurance will be driven deep into loss.
    There is also a share-price discount for uncertainty, the biggest element of which is the extent of American military actions. Until the scale of the Middle East conflict becomes clear, investors will continue to shun the risk of equities for the certainty of cash and government bonds. Recovery will come. It always does. But a swift return to the go-go days of the late 1990s is inconceivable. [br] When President Bush decided to hunt down the suicide killers, people felt
选项 A、positive.
B、cautious.
C、doubtful.
D、anxious.
答案 D
解析 根据题干中的President Bush定位到第2段倒数第2句。原文该句中的rattled意为“慌乱的、困惑的”，可见本题应选D。如果不懂rattled的意思可以根据该段前面所描述的美国消费者面临的残酷现实和倒数第2句中的…too可以推断这一句中的rattled具有贬义，首先就排除了A、B，而将C放回原文是不符合上下文内容上的搭配的，即在consumers have been rattled by the Manhattan atrocity中，rattled不可能与doubtful同义。
转载请注明原文地址:https://tihaiku.com/zcyy/3786319.html
相关试题推荐
随机试题
最新回复(0)