IMF sees inflation "significant risk" in Britain

     WASHINGTON, June 6 (Xinhua) -- The International Monetary¹ Fund (IMF) said on Monday that it saw inflation the No. 1 challenge for the British economy in 2011.

    "There are significant risks to inflation, growth and unemployment," the Washington-based financial institution said in its annual report on the British economy.

    The IMF said the country's inflation "is likely to remain above 4 percent for most of 2011." This is one of the highest inflation levels among advanced economies.

    It said that spiking² commodity prices and large indirect tax hikes have boosted headline inflation.

    However, the so called "core inflation," which excludes volatile³ energy and food prices, remains⁴ around 2 percent.

    With commodity futures⁵ indicating that oil and food prices will stabilize⁶, inflation is expected to return near the target around the end of 2012.

    The IMF slightly downgraded its growth forecast for the British economy to 1.5 percent, compared to 1.7 percent in its last projection⁷ in April.

    Over the medium term, it foresees real GDP growth "accelerating gradually" to around 2.5 percent.

    The fund noted⁸ that the weakness in economic growth and a rise in inflation over recent months in Britain was "unexpected," which may require a policy response.

    Still, the IMF supported the country's ongoing⁹ macroeconomic policies, which focus on tackling fiscal¹⁰ challenge and promoting growth.

    "Strong fiscal consolidation¹¹ is underway and remains essential to achieve a more sustainable budgetary position, thus reducing fiscal risks," it said.

    The implementation¹² of a wide-ranging policy program, the post-crisis repair of the Briitish economy is underway, it added.(本文由在线英语听力室整理编辑)

1 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。

2 spiking   

n.尖峰形成v.加烈酒于( spike的现在分词 )；偷偷地给某人的饮料加入（更多）酒精（ 或药物）；把尖状物钉入；打乱某人的计划

参考例句：

• High spiking fever with chills is suggestive of a complicating pylephlebitis. 伴有寒战的高热，暗示合并门静脉炎。 来自辞典例句
• We could be spiking our own guns. 我们可能要遭到失败。 来自辞典例句

3 volatile   

adj.反复无常的，挥发性的，稍纵即逝的，脾气火爆的；n.挥发性物质

参考例句：

• With the markets being so volatile,investments are at great risk.由于市场那么变化不定，投资冒着很大的风险。
• His character was weak and volatile.他这个人意志薄弱，喜怒无常。

4 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。

5 futures   

n.期货，期货交易

参考例句：

• He continued his operations in cotton futures.他继续进行棉花期货交易。
• Cotton futures are selling at high prices.棉花期货交易的卖价是很高的。

6 stabilize   

vt.（使）稳定，使稳固，使稳定平衡；vi.稳定

参考例句：

• They are eager to stabilize currencies.他们急于稳定货币。
• His blood pressure tended to stabilize.他的血压趋向稳定。

7 projection   

n.发射，计划，突出部分

参考例句：

• Projection takes place with a minimum of awareness or conscious control.投射在最少的知觉或意识控制下发生。
• The projection of increases in number of house-holds is correct.对户数增加的推算是正确的。

8 noted   

adj.著名的，知名的

参考例句：

• The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
• Jim is noted for arriving late for work.吉姆上班迟到出了名。

9 ongoing   

adj.进行中的，前进的

参考例句：

• The problem is ongoing.这个问题尚未解决。
• The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

10 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。

11 consolidation   

n.合并,巩固

参考例句：

• The denser population necessitates closer consolidation both for internal and external action. 住得日益稠密的居民，对内和对外都不得不更紧密地团结起来。 来自英汉非文学 - 家庭、私有制和国家的起源
• The state ensures the consolidation and growth of the state economy. 国家保障国营经济的巩固和发展。 来自汉英非文学 - 中国宪法

12 implementation   

n.实施，贯彻

参考例句：

• Implementation of the program is now well underway.这一项目的实施现在行情看好。