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Emerging Economic Powerful Country After Economic Crisis It is becoming increasingly clear-that the story of the global econ
Emerging Economic Powerful Country After Economic Crisis It is becoming increasingly clear-that the story of the global econ
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2013-05-04
38
问题
Emerging Economic Powerful Country After Economic Crisis
It is becoming increasingly clear-that the story of the global economy is a tale of two worlds. In one, there is only gloom and doom, and in the other there is light and hope. In the traditional centers of wealth and power—America, Europe and Japan—it is difficult to find much good news. But there is a new world out there—China, India, Indonesia, , Brazil—in which economic growth continues to power ahead.
Compare the two worlds. On the one side is the West(plus Japan), with banks that are over-utilized and thus dysfunctional, governments groaning under debt, and consumers who are rebuilding their broken balance sheets. America is having trouble selling its lOUs at attractive prices (the last three Treasury auctions have gone badly); its largest state, California, is heading toward total fiscal collapse; and its budget deficit is going to surpass 13 percent of GDP a level last seen during World War II. With all these burdens, even if there is a recovery, the United States might not return to fast-paced growth for a while. And it’s probably more dynamic than Europe or Japan.
Meanwhile, emerging-market banks are largely healthy and profitable. (Every Indian bank, government-owned and private, posted profits in the last quarter of 2008) The governments are in good fiscal shape. China’s strengths are well known-$2 trillion in reserves, a budget deficit that is less than 3 percent of GDP-but consider Brazil, which is now posting a current account surplus. Or Indonesia, which has reduced its debt from 100 percent of GDP nine years ago to 30 percent today. And unlike in the West—only a year ago, their chief concern was an overheated economy and inflation. Brazil has cut its interest rate substantially, but only to 10.25 percent, which means it can drop it further if things deteriorate even more.
The mood in many of these countries remains surprisingly optimistic. Their currencies are appreciating against the dollar because the markets see them as having better fiscal discipline as well as better long-term growth prospects than the United States. Their bonds are rising. This combination of indicators, all pointing in the same direction, is unprecedented.
The United States remains the richest and most powerful country in the world. Its military spans the globe. But from the Spanish Empire of the 16th century to the British Empire in the 20th century, great global powers found that their fortunes begin to turn when they get overburdened with debt and stuck in a path of slow growth. These are early warnings.
What is TRUE of the countries in the new world?
选项
A、They have cut interest rate.
B、They have account surplus.
C、The economy is overheated.
D、Banks are earning money.
答案
D
解析
事实细节题。文章第三段描述了新世界国家的经济状况。本段第一句指出:...emerging-market banks are largely and profitable...,而不论是国有的还是私人的,因此[D]与此相符。最后一句提到巴西大幅降低了利率,但是并没有提及其他几个国家降息,故排除[A];第四句谈到印尼的情况时说,印尼的债务已经从九年前的占GDP 100%的比例下降到了目前的30%,说明印尼并没有盈余,故排除[B];第六句谈到一年前这些国家所担心的问题还是经济过热和通货膨胀,由此推断现在已经没有经济过热的问题了,故排除[C]。
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0
考研英语一
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