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
It may seem an odd time to worry about savings. This week the National Bureau of Economic Research declared that the world’s, la
It may seem an odd time to worry about savings. This week the National Bureau of Economic Research declared that the world’s, la
admin
2010-10-28
101
问题
It may seem an odd time to worry about savings. This week the National Bureau of Economic Research declared that the world’s, largest economy, America, had been in recession since December last year. The economies of Japan and much of Western Europe have been declining. A rapid, global, private-sector shift to thrift is exactly what the world economy does not need. That’s why governments around the world have been passing hurried measures to try to encourage people to spend more of their incomes.
In some countries, they should. Asians (and Germans too), have been saving their money with excessive enthusiasm. But other countries’ citizens have been putting too little aside for their old age. In America,the household savings ratio (the proportion of disposable income not used for consumption) has been below 2.5% since 1999; in Britain, it has been below 3% in each of the past two years. The Asians’ thrift made the Anglo-Saxons’ extravagance possible. Through their Increasingly sophisticated financial systems, the Americans and British were able to borrow from the thrifty Asians to finance their spending. And, because their house prices were rising so fast, they had the confidence to do so.
In other words, Anglo-Saxons were able to save their cake and eat it. They did not have to sacrifice consumption in order to build up assets for the future, because loose monetary policies encouraged borrowing that pushed up the prices of housing and other assets, which gave them the illusion of having saved enough. But now this debt burden is being unwound, asset prices are collapsing and savings rates are rising because consumers are unwilling, or unable, to borrow.
Though this is bad news for the American and British economies in the short term, it ought to be good news in the long term. How good, though, depends as much on where people put their savings as on how much they put aside.
The economy of America, since December last year, has been undergoing a state of ______.
选项
答案
recession
解析
由定位句可知,从去年12月份开始,世界最大的经济大国美国的经济就一直不景气(recession);由a state of可知空白处要填入一个名词或名词性短语,意思为“一直经历……状态”,所以此处应填入recession。
转载请注明原文地址:https://kaotiyun.com/show/vIs7777K
0
大学英语六级
相关试题推荐
A、Becausetheycamewithanotesaying"Gettingbetter".B、Becausetheywerecheapflowers.C、Becausetheycamewithanotesayi
A、Registerforsummerschool.B、Repairholesinroomwalls.C、Removepersonalproperty.D、Callthehousingoffice.C
WhyBilingualEducation?Bilingualeducationcontinuestoreceivecriticisminthenationalmedia.Thisarticleexaminessom
Bullying(欺凌弱小者)atSchool:TacklingtheProblemA.Abroaddefinitionofbullyingiswhenastudentisrepeatedlyexposedto
Bullying(欺凌弱小者)atSchool:TacklingtheProblemA.Abroaddefinitionofbullyingiswhenastudentisrepeatedlyexposedto
Withtherapiddevelopmentofeconomy,oursocietyis,ingeneral,becomingoneofgiantenterprisesdirectedbyabureaucratic
Successoftendependsonyourperformanceataninterview.Forthosewhoarewellprepared,itcanbeapositiveexperience,and
Successoftendependsonyourperformanceataninterview.Forthosewhoarewellprepared,itcanbeapositiveexperience,and
Lifeonearthdependsonthesun.Dayafterdayweseeitslightandfeelits【B1】______,butwedonotoftenknowor【B2】______
随机试题
何谓推锉法?
A.大肠杆菌B.葡萄球菌C.肉毒毒素D.沙门菌属食物中毒E.副溶血性弧菌在海水中生存47天以上的是
俞穴是指原穴是指
麻疹的好发年龄是
口服给药,平均稳态血药浓度计算式为()。
根据《建筑市场诚信行为信息管理办法》规定,对发布有误的信息,应()。
操作风险评估过程一般从业务管理和风险管理两个层面开展,其遵循的原则一般包括()。
《巴塞尔新资本协议》的第三大支柱是市场约束,其运作机制主要是依靠()的利益驱动。
计算机内部采用的数制是()。
设f(x)在[a,+∞)上连续,且f(x)存在.证明:f(x)在[a,+∞)上有界.
最新回复
(
0
)