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The head of the International Monetary1 Fund says the global economy is improving after a difficult time, but remains2 fragile. In a Tuesday speech to journalists in Washington, Christine Lagarde warned against complacency or insularity3. She said Europe's economy is showing some encouraging signs, but remains under strain, while the United States is seeing improved signs of growth and employment.
Lagarde called for continued U.S. leadership on economic issues, and argued the world is so interconnected that problems around the world directly affect Americans.
The Managing Director of the IMF says the economic crisis was eased by bold actions by major central banks that calmed financial markets. She said the world needs a stronger and safer financial system that puts societal interest ahead of financial gain, and called for improved regulations coordinated4 across nations to reach that goal.
Lagarde said boosting economic growth is critical to helping5 the 200 million unemployed6 people around the world. She says it is too soon for policymakers to cut back efforts to stimulate7 the economy, and warned that cutting government spending too soon could hamper8 the recovery.
She says Washington must cut its deficit9 with a balance of spending cuts and tax increases. She also noted10 continuing problems in the housing sector11, and said banks were helped out by the taxpayers12, and said households now need help.
The IMF managing director also called for greater financial resources for the global organization, but did not specify13 how much money is needed. Lagarde said the IMF is an "economic club" 187 nations focused on global economic stability who help each other in times of need so everyone can prosper14. She said the IMF is a good investment for member nations.
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1 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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2 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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3 insularity | |
n.心胸狭窄;孤立;偏狭;岛国根性 | |
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4 coordinated | |
adj.协调的 | |
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5 helping | |
n.食物的一份&adj.帮助人的,辅助的 | |
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6 unemployed | |
adj.失业的,没有工作的;未动用的,闲置的 | |
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7 stimulate | |
vt.刺激,使兴奋;激励,使…振奋 | |
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8 hamper | |
vt.妨碍,束缚,限制;n.(有盖的)大篮子 | |
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9 deficit | |
n.亏空,亏损;赤字,逆差 | |
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10 noted | |
adj.著名的,知名的 | |
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11 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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12 taxpayers | |
纳税人,纳税的机构( taxpayer的名词复数 ) | |
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13 specify | |
vt.指定,详细说明 | |
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14 prosper | |
v.成功,兴隆,昌盛;使成功,使昌隆,繁荣 | |
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