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US 'fiscal cliff'
Vocabulary
standoff
a situation in which agreement does not seem possible
recession
a period when the economy of a country is not successful
go through
(of a law, plan or deal) officially accepted or approved
moderated
reduced; limited
measures
actions which are intended to achieve a particular goal
reversed
made something become the opposite of what it was
impact
the powerful effect that something, especially something new, has on a situation or person
resolved
solved a problem or difficulty
divergences
differences
stabilise
make something become fixed or stop changing
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