Some Wall Street Analysts Say US Economy

 

By Leah Krakinowski

After a sluggish¹ summer, some Wall Street analysts² say the U.S. economy is accelerating in the final months of 2004. Key drags on economic growth, a slump³ in consumer spending and the swelling⁴ trade deficit⁵, have eased. Surging oil prices, stagnating⁶ retail⁷ sales and stalled job growth proved to be a drain on the U.S. economy throughout the summer months of June through August.

But this so-called economic "soft patch" has come to an end, according to David Resler, chief economist⁸ of Nomura Securities. "We have come through this soft patch in economic activity apparently⁹, and we believe we have. We think we are going to have growth this quarter of 3.5 percent."

During a media briefing in New York, Mr. Resler blamed the run-up in energy prices and tight consumer spending since March of 2004 for shaving at least one percent of growth from the U.S. economy this year.

He said a cool summer, however, eased energy consumption, consumer spending is picking up and the employment picture has begun to improve.

On the business side, rising corporate¹⁰ profits and lower bankruptcy¹¹ filings have also contributed to this rosier¹² economic picture, according to Parul Jain, also an economist with the Wall Street firm, Nomura Securities.

"We have a forecast that is suggesting to us that, all right, we are going to get growth, good, solid growth, slightly above trend going into the fourth quarter of the year, and also in to 2005. It is not terribly exciting but it is not terribly low either. "

Ms. Jain says in the wake of corporate governance scandals such as Enron and Tyco, American companies have managed to clean out their balance sheets, and have started hiring. A healthier labor¹³ market brings wage and salary increases, both of which are tied to increased consumer spending.

This is Leah Krakinowski for VOA news in New York.
注释：
sluggish 漫长的，迟缓的
slump 暴跌
deficit 赤字，不足
retail sale 零售
consumption 消费
bankruptcy 破产

1 sluggish   

adj.懒惰的，迟钝的，无精打采的

参考例句：

• This humid heat makes you feel rather sluggish.这种湿热的天气使人感到懒洋洋的。
• Circulation is much more sluggish in the feet than in the hands.脚部的循环比手部的循环缓慢得多。

2 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

3 slump   

n.暴跌，意气消沉，（土地）下沉；vi.猛然掉落，坍塌，大幅度下跌

参考例句：

• She is in a slump in her career.她处在事业的低谷。
• Economists are forecasting a slump.经济学家们预言将发生经济衰退。

4 swelling   

n.肿胀

参考例句：

• Use ice to reduce the swelling. 用冰敷消肿。
• There is a marked swelling of the lymph nodes. 淋巴结处有明显的肿块。

5 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。

6 stagnating   

v.停滞，不流动，不发展( stagnate的现在分词 )

参考例句：

• I feel I'm stagnating in this job. 我觉得，干这份工作我没有长进。
• ITT was stagnating when Geneen became the chief executive officer in 1959. 1959年吉宁出任行政总负责人时，国际电话电报公司正处于不景气时期。 来自辞典例句

7 retail   

v./n.零售；adv.以零售价格

参考例句：

• In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
• These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。

8 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

9 apparently   

adv.显然地；表面上，似乎

参考例句：

• An apparently blind alley leads suddenly into an open space.山穷水尽，豁然开朗。
• He was apparently much surprised at the news.他对那个消息显然感到十分惊异。

10 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

11 bankruptcy   

n.破产；无偿付能力

参考例句：

• You will have to pull in if you want to escape bankruptcy.如果你想避免破产，就必须节省开支。
• His firm is just on thin ice of bankruptcy.他的商号正面临破产的危险。

12 rosier   

Rosieresite

参考例句：

• Rosier for an instant forgot the delicacy of his position. 罗齐尔一时间忘记了他的微妙处境。
• A meeting had immediately taken place between the Countess and Mr. Rosier. 伯爵夫人和罗齐尔先生已经搭讪上了。

13 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

参考例句：

• We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
• He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。