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US Economy Rebounds2 Faster Than Expected in Second Quarter 第二季度美国经济反弹速度快于预期
The Commerce Department says the U.S. economy expanded at its fastest pace in more than two years - growing at an annualized rate of 4.6 percent from April through June. That’s a positive sign for the rest of the year, after a disastrous3 first quarter saw the country’s domestic output shrink by more than two percent.
Some economists4 say it’s a sure sign the U.S. economy is on the mend, but others say it’s too soon to celebrate.
The U.S. economy is bouncing back following a severe winter that shut down hundreds of businesses and kept American consumers at home. But don’t uncork the champagne5 just yet, says Bankrate.com senior financial analyst6 Greg McBride.
“It’s certainly nice to see a rebound1 after the disastrous first quarter that we had," he said. "But as I like to say - one in a row is not a streak7.”
Much will depend on whether the trend continues in the third and fourth quarters of 2014.
Even if it does - the decline in the first three months of the year means the gross domestic product - the broadest measure of the nation’s economic output - is unlikely to exceed last year’s pace of 2.2 percent.
But if Wall Street had any doubts about the recovery - they’re not showing it.
The new growth figures pushed stock prices higher - just as a new survey showed consumer confidence at its highest level in more than a year.
“I think it does suggest the U.S. economy is moving forward, it’s moving forward at a moderate pace, and the condition of U.S. businesses is such that they’re increasing their investment spending,” said David Stockton, a senior fellow at the Peterson Institute for International Economics.
Increased business spending and higher export rates bode8 well for the U.S. job market. Despite the modest job growth in the past year, wages have remained mostly stagnant9.
But McBride believes that’s changing.
"The leading category for job growth here in 2014 is professional and business services, so these tend to be higher paying jobs," he said. "The job market actually has a little bit of momentum10 going for it - that’s the good news - and has been far more consistent than what we’ve seen in terms of economic growth."
Economists expect to have a clearer picture of employment trends October 3. That's when the U.S. Labor11 Department releases its much anticipated monthly job numbers.
1 rebound | |
v.弹回;n.弹回,跳回 | |
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2 rebounds | |
反弹球( rebound的名词复数 ); 回弹球; 抢断篮板球; 复兴 | |
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3 disastrous | |
adj.灾难性的,造成灾害的;极坏的,很糟的 | |
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4 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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5 champagne | |
n.香槟酒;微黄色 | |
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6 analyst | |
n.分析家,化验员;心理分析学家 | |
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7 streak | |
n.条理,斑纹,倾向,少许,痕迹;v.加条纹,变成条纹,奔驰,快速移动 | |
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8 bode | |
v.预示 | |
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9 stagnant | |
adj.不流动的,停滞的,不景气的 | |
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10 momentum | |
n.动力,冲力,势头;动量 | |
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11 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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