首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Amid remarkable progress on inflation and fiscal reform, Italy heads into 1998 with bright prospects for economic growth and its
Amid remarkable progress on inflation and fiscal reform, Italy heads into 1998 with bright prospects for economic growth and its
admin
2013-01-12
33
问题
Amid remarkable progress on inflation and fiscal reform, Italy heads into 1998 with bright prospects for economic growth and its first-round entry into a single-currency Europe all but certain. Continued wrangling over welfare reform is a potential stumbling block in the new year, but Italy appears to be on its way to a lasting recovery.
The growth speedup began in the second quarter of 1997, but the pace has been exaggerated by government incentives to spur auto sales. Third-quarter real gross domestic product grew 1. 9% from a year ago, and given the jump in October industrial production, fourth-quarter GDP should reach 296.
Although growth is expected to ease hack in the first half of 1998, as the auto-led boom wanes, several key factors will fuel continued growth. First, short-term interest rates have fallen 5 percentage points in the past two years, reflecting inflation’s drop from 6 % to 1.6% in November. Further cuts in official rates are expected after passage of the 1998 budget by year end 1997, as Italy aligns its rates with those across Europe prior to monetary union. Official rates are expected to drop from 6. 25% currently to 4. 5% or less during the first half, supplying a big boost to domestic demand.
Also, while Italy’s fiscal policy will stay tighter than that of Europe generally, the severe drag of recent years will have lifted. Moreover, trade is a plus, since Italy is one of the European economies least exposed to the Asian crisis, based on an analysis by J. P. Morgan & Co. The lira should remain stable, and the downdraft from its steep appreciation in 1995 and 1996 is fading.
Even with growth set to pick up, inflation in 1998 should remain within the Bank of Italy’s 2% target, especially with joblessness expected to remain above 12%, and with wage growth set to slow. Because 1997 inflation came in less than the government’s target, contractual wage adjustments for 1998 will adjust downward, reflecting the undershoot, from about 4% in 1997. Slower wage growth also will help the 1998 budget deficit to dip below 3% of GDP. (354 words)
Which of the following is NOT true according to the passage?
选项
A、Inflation has dropped.
B、The growth acceleration started in the first half of 1998.
C、Official rates are expected to cut more.
D、The fiscal policy will stay tighter than that of Europe in general.
答案
B
解析
参考第二段第一句。
转载请注明原文地址:https://kaotiyun.com/show/cp9O777K
0
考博英语
相关试题推荐
Oneofthemanytheoriesaboutalcoholismisthelearningandreinforcementtheory,whichexplainsalcoholismbyconsideringalc
Oneofthemanytheoriesaboutalcoholismisthelearningandreinforcementtheory,whichexplainsalcoholismbyconsideringalc
Vitaminsareorganiccompoundsnecessaryinsmallamountsinthedietforthenormalgrowthandmaintenanceoflifeofanimals,
Vitaminsareorganiccompoundsnecessaryinsmallamountsinthedietforthenormalgrowthandmaintenanceoflifeofanimals,
Vitaminsareorganiccompoundsnecessaryinsmallamountsinthedietforthenormalgrowthandmaintenanceoflifeofanimals,
Onanaverageofsixtimesaday,adoctorinHollandpractices"active"euthanasia:intentionallyadministeringalethal(致死的)
Agoodmodernnewspaperisanextraordinarypieceofreading.Itisremarkablefirstforwhatitcontains:therangeofnewsfro
AsthecaseofAmitarRayandhisfamilyexemplifies,professionalimmigrantsareamongthemostrapidly______firstbecauseof
Aparticularareainwhichassumptionsandvaluesdifferbetweenculturesisthatoffriendship.FriendshipsamongAmericansten
随机试题
行为罚包括以下形式()。
可使肥厚性梗阻型心肌病患者心脏杂音减弱的药物是
A.抑制钠内流B.抑制钙内流C.促进钾内流D.兴奋迷走神经E.延长动作电位时间维拉帕米是
患者,女,26岁。下肢急性淋巴管炎,查体见肢体肿胀明显,局部应擦拭药液为
下列哪些选项体现了集中审理原则的要求?()
某外贸公司欲出口商品一批,因涉及远期收款,故要考虑计价和支付货币的升值、贬值问题。业务中,公司参考的外汇市场牌价采用间接标价法。当日汇率为:1英镑=1.6300—1.6320美元3个月远期升水:0.0040—0.0025公司业务员根据市场报价,认为升水
某一公司下一年度部分预算资料如下:该公司生产和销售平衡,假设下一年产品销售定价为22元,适用的所得税税率为25%。要求:(1)计算保本销售量(计算结果四舍五人取整数,下同)。(2)若下一年企业利息费用为100000
A.条件(1)充分,但条件(2)不充分.B.条件(2)充分,但条件(1)不充分.C.条件(1)和(2)单独都不充分,但条件(1)和条件(2)联合起来充分.D.条件(1)充分,条件(2)也充分.E.条件(1)和(2)单独都不充分,条件(1)和条件(2
Thedaysofoldwomendoingnothingbutcookingbigmealsaregone.NowtheycanjointheRedHatSociety(红帽会)—agroupholdingt
A、Aglassofmilk.B、Nothing.C、Ameal.D、Kindness.B
最新回复
(
0
)