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(单词翻译:双击或拖选)
The US economy is on the road to recovery, posting its fastest growth rate in six years. Fourth quarter GDP grew by 5.7 percent, much faster than expected. The Obama administration’s welcomed the news, saying recent policies have helped the country’s economic recovery. But the President says job growth is still lagging despite this.
US stocks initially1 rallied on the news, but the Dow finished 0.5 percent lower with investors2 worried about fiscal3 turmoil4 in Europe. European stocks rose on the back of that upbeat US second economic data. Banking5 and commodities rebounded6 after sharp losses in the previous session. London’s FTSE closed 0.8 percent higher. The Australian dollar slipped back against the majors. It’s buying 88.5 US cents and 55.3 British pence.
In other finance news, Toyota is tipped to resume US sales of its eight recalled models in three weeks’ time. The car manufacturer is facing US Congress scrutiny7 over its biggest ever safety recall of 2.4 million vehicles. And BMW’s sales slipped 4.7 percent last year, a sign the luxury car market is still feeling the pinch of the global recession.
And that’s your ABC Business News.
1 initially | |
adv.最初,开始 | |
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2 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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3 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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4 turmoil | |
n.骚乱,混乱,动乱 | |
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5 banking | |
n.银行业,银行学,金融业 | |
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6 rebounded | |
弹回( rebound的过去式和过去分词 ); 反弹; 产生反作用; 未能奏效 | |
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7 scrutiny | |
n.详细检查,仔细观察 | |
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