Financial english
446 mots
2 pages
Themes > Finance > Money matters | ||[pic] |
|Money matters |
|Hard Times |
|Large industrialised counties are now in a recession. What are the prospects for economic recovery? |
|The three most important industrial economies in the world are, at the moment, facing enormous problems. Germany is struggling |
|with the cost of reunification and is in recession. Japan is also experiencing recession and the United States has a large budget|
|deficit. |
|Forecasters and analysts face questions about the prospects of an economic recovery. Here are some of their findings: |
|The election of a new president of the United States gave hope to the rest of the world. If the US recovered, the rest of the |
|world would face a more promising future. However, analysts now accept that the US will only recover very slowly. |
|Consumer and investor confidence is still lacking. Large deficits and declining short-term interest rates mean that there is |
|little scope for economic stimulus. |
|The Japanese economy, after years of trade and budget surpluses, is in deep recession and the growth rate has slowed down |
|considerably. German economists have lowered their forecasts for economic growth this year. The lowering of German interest rates|
|may bring some relief to other members of the European Exchange Rate Mechanism (ERM). However,