日本高清色视频在线视频在,国产香蕉97碰碰视频碰碰看,丰满少妇av无码区,精品无码专区在线,久久无码专区免费看,四虎欧美精品永久地址99,亚洲色无码一区二区三区

English 中文網(wǎng) 漫畫網(wǎng) 愛新聞iNews 翻譯論壇
中國網(wǎng)站品牌欄目(頻道)
當(dāng)前位置: Language Tips> Audio & Video> 新聞播報> Normal Speed News VOA常速

Central bankers: economic depression averted, but debt crisis remains

[ 2010-04-22 13:21]     字號 [] [] []  
免費(fèi)訂閱30天China Daily雙語新聞手機(jī)報:移動用戶編輯短信CD至106580009009

Central bankers: economic depression averted, but debt crisis remains

First the good news: after contracting slightly in 2009, global economic output is expected to grow more than 4 percent this year, according to the International Monetary Fund. With a fledgling recovery gaining strength, it is easy to forget how close major industrialized nations came to economic collapse less than two years ago, an outcome that almost surely would have triggered a worldwide depression rivaling the Great Depression of the 1930s.

In short, the pain, havoc, and economic devastation could have been far worse, according to the head of the U.S. Federal Reserve Bank of Dallas, Texas, Richard Fisher. Addressing central bankers from Europe and elsewhere, Fisher said central banks and national governments averted catastrophe through aggressive intervention.

"We did our job. A significant phase has been passed through with as little harm done as conceivably could have been done under the circumstances. And I believe we pulled the economy back from the abyss."

Success

To combat a crippling credit freeze, central banks slashed interest rates and pumped cash into credit markets. To combat a severe economic slowdown, governments of major economies sharply boosted spending to stimulate activity.

Jurgen Stark, executive member of the European Central Bank, said the combined response proved a success. "It has to do to a large extent with the stimulus measures taken by governments, and by the very vigorous response of central banks on the crisis. But this has a price," he said.

Price to pay

That price, according to Stark, is crushing debt. "Most governments in the advanced economies will exit from the recession with the highest deficits and the highest debt-to-GDP ratios recorded in times of peace," he said.

Stark said the debt burdens are unsustainable. He said massive fiscal deficits will constrain economic growth and job creation, increase inflationary risks, boost interest rates, and reduce private investment in productive enterprises.

That warning was echoed by Richard Fisher of the U.S. Federal Reserve. "This is of great concern to us at the central bank," he said. "We spend too much money, and we take in too little of it in the United States."

But trimming deficits is the job of elected officials, and Fisher had a blunt message for them. "The bottom line: it is now time for our fiscal authorities to do what fiscal authorities are paid to do, why they were elected to Congress: bring about some balance. And that will be a very tough battle," he said.

As in many countries, America's elected officials are loathe to raise taxes or cut spending, particularly when the economy is weak and millions are out of work. U.S. President Barack Obama has proposed a freeze on non-entitlement domestic spending, while awaiting recommendations from a bipartisan commission tasked with charting a course to a balanced federal budget. In the meantime, the U.S. federal deficit exceeded $1 trillion last year, and is projected to do so again this year.

fledgling: a person, an organization or a system that is new and without experience 初出茅廬的人;無經(jīng)驗的組織;新體系

havoc: a situation in which there is a lot of damage, destruction or disorder 大損壞;大破壞;浩劫

Related stories:

Reform of financial system is Obama's next goal in Congress

Fewer Americans filing for jobless benefits

US Treasury Secretary: Economy on the mend

Obama state of the Union speech focuses on economy

(來源:VOA 編輯:陳丹妮)

 
中國日報網(wǎng)英語點津版權(quán)說明:凡注明來源為“中國日報網(wǎng)英語點津:XXX(署名)”的原創(chuàng)作品,除與中國日報網(wǎng)簽署英語點津內(nèi)容授權(quán)協(xié)議的網(wǎng)站外,其他任何網(wǎng)站或單位未經(jīng)允許不得非法盜鏈、轉(zhuǎn)載和使用,違者必究。如需使用,請與010-84883631聯(lián)系;凡本網(wǎng)注明“來源:XXX(非英語點津)”的作品,均轉(zhuǎn)載自其它媒體,目的在于傳播更多信息,其他媒體如需轉(zhuǎn)載,請與稿件來源方聯(lián)系,如產(chǎn)生任何問題與本網(wǎng)無關(guān);本網(wǎng)所發(fā)布的歌曲、電影片段,版權(quán)歸原作者所有,僅供學(xué)習(xí)與研究,如果侵權(quán),請?zhí)峁┌鏅?quán)證明,以便盡快刪除。
 

關(guān)注和訂閱

人氣排行

翻譯服務(wù)

中國日報網(wǎng)翻譯工作室

我們提供:媒體、文化、財經(jīng)法律等專業(yè)領(lǐng)域的中英互譯服務(wù)
電話:010-84883468
郵件:translate@chinadaily.com.cn
 
 
<strong id="xdwva"><div id="xdwva"></div></strong>
<label id="xdwva"></label>

<thead id="xdwva"></thead>
    <label id="xdwva"></label>

  1. 日本高清色视频在线视频在,国产香蕉97碰碰视频碰碰看,丰满少妇av无码区,精品无码专区在线,久久无码专区免费看,四虎欧美精品永久地址99,亚洲色无码一区二区三区