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(单词翻译:双击或拖选)
The U.S. economy is growing faster than expected, further evidence that the worst recession since the 1930s may be over. Yet financial analysts2 warn the nation still faces economic problems.
Wall Street cheered Friday following an upbeat fourth quarter report from the Commerce Department showing the U.S. economy grew at the fastest pace in more than six years. The 5.7 percent growth in GDP from October to December beat analyst1 expectations by more than one percent. Wells Fargo chief economist3 John Silva said, "For an economist it does reflect some underlying4 improvement in consumer spending and in business investment. And I think those two components5 probably will sustain the economy going forward."
Government officials still have not declared the recession officially over, but the GDP report marks the second quarter of expansion after a record four quarters of decline. Some analysts credit the government's massive stimulus6 programs for the improvement.
But Mark Zandi at Moody's Economy.com warns the recovery may be fragile. "I don't think the coast is clear. I don't think there's any guarantee that the recovery is going to evolve into a self sustaining economic expansion. The odds7 are that it will, but the odds are also uncomfortably high that it won't," he said.
Speaking at a panel discussion at the Urban Institute in Washington, Zandi cited the nation's double digit8 unemployment as reason for caution. "There is no evidence that businesses have started to hire yet and without hiring we can't get net job creation and without net job creation we won't have the income growth to support the consumer spending that is the fodder9 for a self sustaining economic expansion," he said.
Consumer spending accounts for about 70 percent of the U.S. economy and is closely linked to unemployment. But it tends to lag behind other indicators10.
In a rare meeting with Republican Party lawmakers Friday, President Barack Obama decried11 the partisan12 politics of the past and urged both parties to work together on creating more jobs for Americans. "I don't believe the American people want us to focus on our job security, they want us to focus on their job security, he said.
Many analysts expect the jobless rate will remain close to 10 percent for the rest of the year. Most predict U.S. growth to slow to between two and half and three percent in 2010 as government stimulus efforts begin to fade.
1 analyst | |
n.分析家,化验员;心理分析学家 | |
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2 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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3 economist | |
n.经济学家,经济专家,节俭的人 | |
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4 underlying | |
adj.在下面的,含蓄的,潜在的 | |
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5 components | |
(机器、设备等的)构成要素,零件,成分; 成分( component的名词复数 ); [物理化学]组分; [数学]分量; (混合物的)组成部分 | |
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6 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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7 odds | |
n.让步,机率,可能性,比率;胜败优劣之别 | |
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8 digit | |
n.零到九的阿拉伯数字,手指,脚趾 | |
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9 fodder | |
n.草料;炮灰 | |
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10 indicators | |
(仪器上显示温度、压力、耗油量等的)指针( indicator的名词复数 ); 指示物; (车辆上的)转弯指示灯; 指示信号 | |
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11 decried | |
v.公开反对,谴责( decry的过去式和过去分词 ) | |
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12 partisan | |
adj.党派性的;游击队的;n.游击队员;党徒 | |
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