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Passage 2 It is time to junk much conventional wisdom about the US economy. Until recently, most analysts assumed the recovery from recession would remain abnormally weak. looking further ahead they assume that the US would continue to decline economically relative to other industrial countries, principally Japan a more unified European Community. Both assumptions are now looking shaky. A clutch of much stronger than expected data suggests the US recovery is finally beginning to take off. Output per hour increased 2.7percent last year-the fastest productivity growth in 20 years. With productivity increases translating into impressive gains in corporate profits, US share prices are hitting record high the dollar is beginning to climb relative to other leading currencies. For internationally mobile capital, the attractions of the US economy are enhanced by worse than expected performance just about everywhere else. Growth throughout Europe is being held back by the strains imposed by German unification currency instability, Japan, meanwhile, is struggling with its worst financial crisis in decades. President Mr. Bill Clinton is not only inheriting a lean, productive economy, he is inheriting the most encouraging inflation outlook for a generation. Consumer prices are expected to rise by only about 2.5% to 3% this year next. Mr. Clinton, however, in his State of Union address on February 17, is expected to announce an economic stimulus worth about US $ 30 billion, or 0.5 percent of GDP. He will also announce longer term plans to tackle the familiar budget deficit, now running at about $ 300 billion but expected nearly to double within a decade because of runaway growth of spending on health care other ‘entitlement’ programs.Statements: 47.The conventional wisdom about the US economy assumed that the recovery would remain abnormally weak.( ) 48.The US economy recovery becomes more attractive for internationally mobile capital because the US recovery is abnormally strong.( )49.Both assumptions are now looking right.( )50.Mr. Clinton will make effort to slash the familiar budget deficit.( )51. The budget deficit of US is expected to be worse in the next ten years.( )
The local Arabic press has given full coverage to the council’s debates to a series of informal majlis discussions held weekly during Ramadan. In the latter, the issues of youth unemployment, drugs, the role of women the size of the immigrant population were freely discussed. However, observers say Western-style democracy is not on the political agenda as the majlis system enjoys legitimacy appears well-suited to the tribal traditions of Gulf society.
On Octorber 14th French farmers held another “day of action” - blocking rads.planting wheat in awkward places so forth - in protest at the planned reforms. A.clumsy B.improper C.inconvenient D.embarrassing
It is not a blueprint for how the single market will actually work.( ) A. detailed plan B. blue color C. legal framework D. blue printer
This will strengthen China's market-oriented economy, making it more compatible with the economies of other WTO members. A. different from B. competitive with C. agreable to D. liberal than
The Chinese officials in charge flatly refused to supply bilingual labels. A. carefully attentively B. rudely violently C. politely respectfully D. completely firmly
trade fairs exhibitions
证券投资
futures market
Also noteworthy was the implementation by the Paris Club of a new menu of enhanced concessions in debt reschedulings for the severely indebted, low-income countries. A. list B. arrangement C. contract D. plan
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下列各句中,“则”表示转折关系,可以译为“却”的是( )A.既来之,则安之;B.苟有能反是者,则又爱之太殷;C.到则披草而垒,倾壶而醉;D.兵强则士勇
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