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(单词翻译:双击或拖选)
The United Nations says the world economy is on the mend. In its annual economic report released Wednesday (January 20), the U.N. predicts a global growth rate of 2.4 percent in 2010 with East and South Asia taking the lead. But the organization warns conditions for sustained growth around the world remain fragile.
The U.N. report says the world's economy is beginning to show signs of modest recovery. Equity1 markets are on the rebound2, international trade and industrial production are rising and banks are starting to lend again. It's an economic revival3 driven in large part by massive stimulus4 measures around the world.
"In Hong Kong, we have spent some $11.2 billion on economic stimulus measures. That is equivalent to about 5.2 percent of our GDP. We have taken extraordinary steps to guarantee bank deposits, support small and medium enterprises and provide additional capital to the banking5 sector6 if required," said Hong Kong chief executive Donald Tsang. His comments came at the start of the Asian Financial Forum7 in Hong Kong, where international delegates and representatives of the International Monetary8 Fund met to discuss the region's economic future.
"The transformation9 has been huge and the share of Asia in the global economy has raised a lot, helping10 hundreds of millions escape poverty. And in front of us, we have the possibility of sustained growth, helping billion, one billion people to get out of poverty,' said IMF director Dominique Strauss-Kahn, who noted11 the crucial role Asia is playing in a post recessionary world.
The world economy has shown steady improvement since the second quarter of 2009, but Strauss-Kahn says the recovery has been uneven12. China grew at a blistering13 pace of 10.7 percent in the final quarter of 2009, but the government has since placed curbs14 on lending to reduce inflation and cool down an overheated economy. In contrast, Japan is worried deflation and weak demand could push the economy back into recession.
"Macro-economic situation has been very sluggish15 for last couple of decades. Japan hasn't seen, in Japan, we haven't seen the actual nominal16 GDP growth for as long as two decades," said Takashi Hibino, head of brokerage firm, Daiwa Securities.
Forecasts call for East Asia to grow 6.7 percent this year, followed by South Asia, - at 5.5 percent in 2010.
The IMF expects growth to accelerate in the poorest regions in Africa as the global recession eases.
And the U.S. and the 16 nation Eurozone can expect modest but continued expansion even as job growth continues to lag in the new year.
1 equity | |
n.公正,公平,(无固定利息的)股票 | |
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2 rebound | |
v.弹回;n.弹回,跳回 | |
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3 revival | |
n.复兴,复苏,(精力、活力等的)重振 | |
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4 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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5 banking | |
n.银行业,银行学,金融业 | |
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6 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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7 forum | |
n.论坛,讨论会 | |
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8 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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9 transformation | |
n.变化;改造;转变 | |
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10 helping | |
n.食物的一份&adj.帮助人的,辅助的 | |
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11 noted | |
adj.著名的,知名的 | |
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12 uneven | |
adj.不平坦的,不规则的,不均匀的 | |
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13 blistering | |
adj.酷热的;猛烈的;使起疱的;可恶的v.起水疱;起气泡;使受暴晒n.[涂料] 起泡 | |
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14 curbs | |
v.限制,克制,抑制( curb的第三人称单数 ) | |
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15 sluggish | |
adj.懒惰的,迟钝的,无精打采的 | |
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16 nominal | |
adj.名义上的;(金额、租金)微不足道的 | |
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