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
考研
Positive surprises from government reports on retail sales, industrial production, and housing in the past few months are leadin
Positive surprises from government reports on retail sales, industrial production, and housing in the past few months are leadin
admin
2012-08-24
69
问题
Positive surprises from government reports on retail sales, industrial production, and housing in the past few months are leading economists to revise their real gross domestic product (GDP) forecasts upward supporting the notion that the recession ended in December or January.
Bear in mind: This recovery won’t have the vitality normally associated with an upturn. Economists now expect real GDP growth of about 1.5 in the first quarter. That’s better than the 0.4 the consensus projected in December, but much of the additional growth will come from a slower pace of inventory drawdowns, not from surging demand.
Moreover, the economy won’t grow fast enough to help the labor markets much. The only good news there is that jobless claims have fallen back from their spike after September 11 and that their current level suggests the pace of layoffs is easing.
The recovery also does not mean the Federal Reserve will raise interest rates soon. The January price indexes show that inflation remains tame. Consequently, the Fed can take its time shifting monetary policy from extreme accommodation to relative neutrality.
Perhaps the best news from the latest economic reports was the January data on industrial production. Total output fell only 0.1, its best showing since July. Factory output was flat, also the best performance in six months. Those numbers may not sound encouraging, but manufacturers have been in recession since late 2000. The data suggest that the factory sector is finding a bottom from which to start its recovery.
Production of consumer goods, for instance, is almost back up to where it was a year ago. That’s because consumer demand for motor vehicles and other goods and the housing industry remained healthy during the recession, and they are still growing in early 2002.
Besides, both the monthly homebuilding starts number and the housing market index for the past two months are running above the averages for all of 2001, suggesting that home-building is off to a good start and probably won’t be big drag on GDP growth this year.
Equally important to the outlook is how the solid housing market will help demand for home-related goods and services. Traditionally, consumers buy the bulk of their furniture, electronics, and textiles within a year of purchasing their homes. Thus, spending on such items will do well this year, even as car sales slip now that incentives are less attractive. Look for the output of consumer goods to top year-ago level in coming months.
Even the business equipment sector seems to have bottomed out. Its output rose 0.4% in January, led by a 0.6% jump computer gear. A pickup in orders for capital goods in the fourth quarter suggests that production will keep increasing — although at a relaxed pace — in coming months.
The most encouraging fact about the US economy is that______.
选项
A、employment rates have risen faster than expected
B、the Federal Reserve will raise interest rates soon
C、industrial production is reaching its lowest point
D、some economic sectors have become leading industries
答案
C
解析
第三段第二句提到,唯一的好消息是申请失业保险金人数在9·11事件后达到的高峰期开始回落,现在的水平表明失业的速度(the pace of layoffs)有所缓和(easing)。该句表明失业者还在增加,只是增加的速度低于先前。故答案为D。
转载请注明原文地址:https://kaotiyun.com/show/lIhi777K
0
在职申硕(同等学力)英语
相关试题推荐
苏宁电器收购香港镭射公司2009年12月30日晚,苏宁电器(002024)在南京举行媒体通报会,正式宣布以3500万港元收购位列香港电器零售连锁前三甲的citicallRetailManagementLtd(以下简称“镭射公司”),以此启动在香港的连锁发
Aninternationaltreatysignedseveralyearsagobanstradeinplantsandanimalsofendangeredspecies.
Musiccomesinmanyforms;mostcountrieshaveastyleoftheirown.【C1】______theturnofthecenturywhenjazz(爵士乐)wasborn,Am
Revengeisoneofthosethingsthateveryoneenjoys.Peopledon’tliketotalkaboutit,though.Justthesame,thereisnothing
Revengeisoneofthosethingsthateveryoneenjoys.Peopledon’tliketotalkaboutit,though.Justthesame,thereisnothing
Somepeoplefeelsadaboutglobalizationbecausetheybelieveitwill______Internetwasoriginallydesigned______
Nothingissouncertainasthefashionmarketwhereonestyle______overanotherbeforebeingreplaced.
ProfessorWutraveledandlecturedthroughoutthecountryto______educationandprofessionalskillssothatwomencouldentert
InitialreportswerethatmultiplewavesofwarplanesbombedcentralBaghdad,hittingoilrefineriesandtheairport.
Thepromisedwageincreaseisbeingheldbackwhileitisexaminedbythegovernmenttoseeifitisgreaterthanthelawallows
随机试题
以下不是企业的基本活动的是()
管理的组织职能与计划职能的关系表现为()
下列关于扁骨的叙述,正确的是()
水深测量应上交的资料有成果图(自动化水深测量内业成果记录介质)及其经历簿,验潮站经历簿,()等。
周某、王某,李某共同投资设立了一家合伙企业,经营一年后,周某欲把其在普通合伙企业中的份额转让给普通合伙企业以外的第三人,以下判断正确的有( )。
现阶段小学课程类型以综合课程为主。()
下列芭蕾舞剧作品中,由柴可夫斯基作曲的是()。
下面关于光纤的叙述,不正确的是()。
Mostearthquakesoccurwithintheupper15milesoftheearth’ssurface.Butearthquakescananddooccuratalldepthstoabout
Somepeoplebelievethatyouhavetobeaspecialkindofpersontosellaproduct.Butalthoughitisclearthatasuccessfuls
最新回复
(
0
)