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And Australian Chamber1 of Commerce says another interest rate cut is needed to help stimulate2 the economy. Its latest survey of nearly 600 companies suggest business confidence haven't shown signs of improvement for nearly three years.
And it paints further expectations of weak performance with many firms choosing to delay expansion plans. Chief economist3 Wag Greg Evans says recent reductions haven't done enough to turn things around and more cuts are needed.
Britain's triple A credit rating has come under further pressure after another rise in public spending, figures show monthly borrowing was more than expected in December, further endangering the government cost cutting drive.
Economists4 now believe the chancellor5 George Osborne is almost certain to miss his newly revise annual budget target, they fear that Britain will France and the United States, who've already downgraded by 1 credit rating agency.
Let's take a look at the markets. The Dow has closed 46 points ahead, the NASDAQ was up slightly. The S&P 500 has gained 6 points. In London overnight, the FTSE closed flat.
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1 chamber | |
n.房间,寝室;会议厅;议院;会所 | |
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2 stimulate | |
vt.刺激,使兴奋;激励,使…振奋 | |
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3 economist | |
n.经济学家,经济专家,节俭的人 | |
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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 chancellor | |
n.(英)大臣;法官;(德、奥)总理;大学校长 | |
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6 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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