UN Grim on World Economic Prospects for 2012

 　　United Nations economists¹ have sharply cut their projections² for world growth and warned that 2012 will be key to whether the global economy makes a slow recovery or falls back into recession.

　　In their report, World Economic Situation and Prospects⁴ 2012, U.N. economists forecast very low growth, warning that developed economies are on the brink⁵ of a downward spiral because of four factors: sovereign debt distress⁶, fragile banking⁷ sectors⁹, weak aggregate¹⁰ demand and policy paralysis¹¹.

　　The U.N.’s director of development and policy analysis, Rob Vos, warns the world could be facing a new economic downturn.

　　“We are at the brink of possible new recession," he said. "Though our baseline still assumes that the global economy may, as we call it in the report, 'muddle¹² through' in the next two years, in the sense that maybe the sovereign debt crisis in Europe can be contained to some extent and also the problems in the U.S. economy will not worsen by much more. But that means that we are still in problems, in the sense that economic growth is very meager¹³, it has slowed down already this year from the recovery we have seen in 2010.”

　　The International Monetary¹⁴ Fund has recommended fiscal¹⁵ austerity measures to ease the global economic crisis, but the U.N. Assistant Chief for Economic Development, Jomo Kwame Sundaram, cautioned against this approach.

　　“This turn toward fiscal austerity has exacerbated¹⁶ the downturn throughout the world," said Sundaram. "It is unlikely, of course, that a reversal will have an immediate¹⁷ effect all around, but there is a strong case to be made for further fiscal actions in the near term in order to create the conditions for stronger recovery.”

　　Sundaram said without collective action on recovery the situation could deteriorate¹⁸ further, especially in Europe where the debt crisis is spreading.

　　The U.N. recommends strengthening the European Financial Stabilization¹⁹ Fund, which helps troubled eurozone economies. The authors say if the fund could reduce borrowing costs that would lessen²⁰ pressure on governments under financial stress.

　　The report notes that there is much greater pressure on political leaders to make policy decisions based on how they will impact financial markets. Sundaram said this was not the case even 20 years ago.

　　“It would be inconceivable at that time, let us say in the early 1990s, to think of the political leadership of the world sort of looking behind their shoulders and wondering what markets would say,” said Sundaram.

　　A more complete report with regional breakdowns²¹ will be released in January, but the projections released Thursday include a peek²² at how some parts of the world are doing.

　　The U.N. says the United States’ high unemployment rate and low wage growth are holding back demand. This combined with the prospect³ of prolonged depressed²³ housing prices has raised the risk of a new wave of home foreclosures.

　　In Asia, economists say growth in China and India is expected to remain “robust,” but GDP growth in China is expected to slow. A fact confirmed by China’s deputy finance minister Thursday when he announced the manufacturing sector⁸ had contracted.

　　In Latin America, Brazil and Mexico are expected to suffer a more visible economic slowdown. While in Africa, the forecast is mixed, more due to political and climate factors than reaction to world markets.

1 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

2 projections   

预测( projection的名词复数 )； 投影； 投掷； 突起物

参考例句：

• Their sales projections are a total thumbsuck. 他们的销售量预测纯属估计。
• The council has revised its projections of funding requirements upwards. 地方议会调高了对资金需求的预测。

3 prospect   

n.前景，前途；景色，视野

参考例句：

• This state of things holds out a cheerful prospect.事态呈现出可喜的前景。
• The prospect became more evident.前景变得更加明朗了。

4 prospects   

n.希望，前途(恒为复数)

参考例句：

• There is a mood of pessimism in the company about future job prospects. 公司中有一种对工作前景悲观的情绪。
• They are less sanguine about the company's long-term prospects. 他们对公司的远景不那么乐观。

5 brink   

n.(悬崖、河流等的)边缘，边沿

参考例句：

• The tree grew on the brink of the cliff.那棵树生长在峭壁的边缘。
• The two countries were poised on the brink of war.这两个国家处于交战的边缘。

6 distress   

n.苦恼，痛苦，不舒适；不幸；vt.使悲痛

参考例句：

• Nothing could alleviate his distress.什么都不能减轻他的痛苦。
• Please don't distress yourself.请你不要忧愁了。

7 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

8 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

9 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

10 aggregate   

adj.总计的，集合的；n.总数；v.合计；集合

参考例句：

• The football team had a low goal aggregate last season.这支足球队上个赛季的进球总数很少。
• The money collected will aggregate a thousand dollars.进帐总额将达一千美元。

11 paralysis   

n.麻痹(症)；瘫痪(症)

参考例句：

• The paralysis affects his right leg and he can only walk with difficulty.他右腿瘫痪步履维艰。
• The paralysis affects his right leg and he can only walk with difficulty.他右腿瘫痪步履维艰。

12 muddle   

n.困惑，混浊状态；vt.使混乱，使糊涂，使惊呆；vi.胡乱应付，混乱

参考例句：

• Everything in the room was in a muddle.房间里每一件东西都是乱七八糟的。
• Don't work in a rush and get into a muddle.克服忙乱现象。

13 meager   

adj.缺乏的，不足的，瘦的

参考例句：

• He could not support his family on his meager salary.他靠微薄的工资无法养家。
• The two men and the woman grouped about the fire and began their meager meal.两个男人同一个女人围着火，开始吃起少得可怜的午饭。

14 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。

15 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。

16 exacerbated   

v.使恶化，使加重( exacerbate的过去式和过去分词 )

参考例句：

• The symptoms may be exacerbated by certain drugs. 这些症状可能会因为某些药物而加重。
• The drugs they gave her only exacerbated the pain. 他们给她吃的药只是加重了她的痛楚。 来自《简明英汉词典》

17 immediate   

adj.立即的；直接的，最接近的；紧靠的

参考例句：

• His immediate neighbours felt it their duty to call.他的近邻认为他们有责任去拜访。
• We declared ourselves for the immediate convocation of the meeting.我们主张立即召开这个会议。

18 deteriorate   

v.变坏；恶化；退化

参考例句：

• Do you think relations between China and Japan will continue to deteriorate?你认为中日关系会继续恶化吗？
• He held that this would only cause the situation to deteriorate further.他认为，这只会使局势更加恶化。

19 Stabilization   

稳定化

参考例句：

• The position of barycentre on plane directly impacts the stabilization and manipulation of plane. 飞机重心位置直接影响飞机的稳定和操纵特性。
• With the higher olefins, stabilization of the energetic intermediates occurs more easily. 在较高的烯烃情况下，高能的中间物稳定作用更易出现。

20 lessen   

vt.减少，减轻；缩小

参考例句：

• Regular exercise can help to lessen the pain.经常运动有助于减轻痛感。
• They've made great effort to lessen the noise of planes.他们尽力减小飞机的噪音。

21 breakdowns   

n.分解( breakdown的名词复数 )；衰竭；（车辆或机器的）损坏；统计分析

参考例句：

• Her old car was unreliable, so the trip was plagued by breakdowns. 她的旧车老不听使唤，一路上总是出故障。 来自辞典例句
• How do we prevent these continual breakdowns? 我们如何防止这些一再出现的故障？ 来自辞典例句

22 peek   

vi.偷看，窥视；n.偷偷的一看，一瞥

参考例句：

• Larry takes a peek out of the window.赖瑞往窗外偷看了一下。
• Cover your eyes and don't peek.捂上眼睛，别偷看。

23 depressed   

adj.沮丧的，抑郁的，不景气的，萧条的

参考例句：

• When he was depressed,he felt utterly divorced from reality.他心情沮丧时就感到完全脱离了现实。
• His mother was depressed by the sad news.这个坏消息使他的母亲意志消沉。