VOA标准英语2012--US Jobs Data Adds To Global Recession Fears

 

US Jobs Data Adds To Global Recession Fears

The U.S. government's closely-watched monthly employment report has become an important barometer¹ of the state of the world's largest economy. Combined with the debt crisis in Europe, and manufacturing slowdowns in Asia, Friday's jobs report paints a picture of a global economy in decline.

"The U.S. economic recovery remains² tepid³ and downside risks have intensified," said the International Monetary⁴ Fund's Managing Director, Christine Lagarde..

The risks include a sharp decline in business confidence, due to the failure of European leaders to find a comprehensive solution to what is now a three-year-old crisis. But Standard and Poor's Chief Equity⁵ Strategist Sam Stovall says it's not entirely⁶ the fault of Europe's leaders.

"I think politicians here in the U.S. as well have not done their job of instilling⁷ confidence on Wall Street as well as on Main Street and giving businesses reason to expand," Stovall said.

Both Lagarde and Stovall point to political discord⁸ in the U.S. Congress, and the possibility that lawmakers will once again be unable to agree on a deficit⁹ cutting plan and the expiration¹⁰ of tax cuts by the end of the year. Should that happen, Stovall believes the Federal Reserve is likely to step in with a third round of Quantitative¹¹ Easing -- essentially¹² pumping more dollars into the economy to stimulate¹³ growth.

"If the politicians allow us to fall off the fiscal¹⁴ cliff because of the sequestration, the forced cuts to medicare, to spending as well as the increases in taxes which the Congressional Budget Office has said, would likely throw us into recession," Stovall said.

Despite an increasingly dismal¹⁵ outlook and a Europe that most economists¹⁶ believe is already shrinking, Stovall says the risk of a much larger global recession remains small.

"Investors¹⁷ and people on Main Street are very worried that we slip back into recession, if not on our own, then at least dragged into it because of Europe and because of China, but right now the belief is that no, we probably will be able to skirt it," Stovall said.

The ratings agency projects China's economy will grow around 8 percent this year, with the U.S. economy picking up strength in the second half of 2012 with about 2 percent growth. 

1 barometer   

n.气压表，睛雨表，反应指标

参考例句：

• The barometer marked a continuing fall in atmospheric pressure.气压表表明气压在继续下降。
• The arrow on the barometer was pointing to"stormy".气压计上的箭头指向“有暴风雨”。

2 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。

3 tepid   

adj.微温的，温热的，不太热心的

参考例句：

• She bent her mouth to the tap and drank the tepid water.她把嘴伸到水龙头底下去喝那微温的水。
• Her feet firmly planted on the tepid rough brick of the floor.她一双脚稳固地立在微温而粗糙的砖地上。

4 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

5 equity   

n.公正，公平，（无固定利息的）股票

参考例句：

• They shared the work of the house with equity.他们公平地分担家务。
• To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

6 entirely   

ad.全部地，完整地；完全地，彻底地

参考例句：

• The fire was entirely caused by their neglect of duty. 那场火灾完全是由于他们失职而引起的。
• His life was entirely given up to the educational work. 他的一生统统献给了教育工作。

7 instilling   

v.逐渐使某人获得（某种可取的品质），逐步灌输( instil的现在分词 )；逐渐使某人获得（某种可取的品质），逐步灌输( instill的现在分词 )

参考例句：

• Make sure your subordinates understand your sense of urgency and work toward instilling this in allsubordinates. 确保你的下属同样具备判断紧急事件的意识，在工作中潜移默化地灌输给他们。 来自互联网

8 discord   

n.不和，意见不合，争论，（音乐）不和谐

参考例句：

• These two answers are in discord.这两个答案不一样。
• The discord of his music was hard on the ear.他演奏的不和谐音很刺耳。

9 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

10 expiration   

n.终结，期满，呼气，呼出物

参考例句：

• Can I have your credit card number followed by the expiration date?能告诉我你的信用卡号码和它的到期日吗?
• This contract shall be terminated on the expiration date.劳动合同期满，即行终止。

11 quantitative   

adj.数量的，定量的

参考例句：

• He said it was only a quantitative difference.他说这仅仅是数量上的差别。
• We need to do some quantitative analysis of the drugs.我们对药物要进行定量分析。

12 essentially   

adv.本质上，实质上，基本上

参考例句：

• Really great men are essentially modest.真正的伟人大都很谦虚。
• She is an essentially selfish person.她本质上是个自私自利的人。

13 stimulate   

vt.刺激，使兴奋；激励，使…振奋

参考例句：

• Your encouragement will stimulate me to further efforts.你的鼓励会激发我进一步努力。
• Success will stimulate the people for fresh efforts.成功能鼓舞人们去作新的努力。

14 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

15 dismal   

adj.阴沉的，凄凉的，令人忧郁的，差劲的

参考例句：

• That is a rather dismal melody.那是一支相当忧郁的歌曲。
• My prospects of returning to a suitable job are dismal.我重新找到一个合适的工作岗位的希望很渺茫。

16 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

17 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会