IMF: Europe's Problems Slow US Economic Recovery

 The head of the International Monetary¹ Fund, Christine Lagarde, said the "tepid²" U.S. economic recovery could be hurt by two problems: Europe's economic troubles and U.S. political gridlock.

Lagarde said the first one is "clearly an exposure to potential contagion³ from an intensification⁴ of the euro area debt crisis."She said Europe's problems could hurt the American economy by cutting consumer and business confidence, and by reducing demand for U.S. exports. Even without these threats, she said the U.S. economy will probably grow a meager⁵ two percent this year and a little faster in 2013.

She said the U.S. Federal Reserve has done a lot to bolster⁶ the flagging economy, but could and should do a little more.

IMF experts said Washington should continue to spend on things like job training to boost the economy for the time being, but must cut the deficit⁷ in the near future.

The IMF said reducing the deficit will take continued spending cuts as well as tax hikes, but both actions are politically unpopular and have stalled in Congress. “The second downside risk is obviously a failure to reach an agreement on near-term cuts and spending policies that would trigger what is well-known as the ‘fiscal cliff,’ Lagarde added.

"In addition to that, obviously, the risk of the debt ceiling being reached and not being resolved is also a clear potential for financial market disruption,” she said.

Lagarde spoke⁸ to journalists in Washington on Tuesday at the end of a year-long study of the U.S. economy by 12 IMF experts and extensive consultations⁹ with government officials.

1 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。

2 tepid   

adj.微温的，温热的，不太热心的

参考例句：

• She bent her mouth to the tap and drank the tepid water.她把嘴伸到水龙头底下去喝那微温的水。
• Her feet firmly planted on the tepid rough brick of the floor.她一双脚稳固地立在微温而粗糙的砖地上。

3 contagion   

n.(通过接触的疾病)传染；蔓延

参考例句：

• A contagion of fear swept through the crowd.一种恐惧感在人群中迅速蔓延开。
• The product contagion effect has numerous implications for marketing managers and retailers.产品传染效应对市场营销管理者和零售商都有很多的启示。

4 intensification   

n.激烈化，增强明暗度；加厚

参考例句：

• The intensification of the immunological response represents the body's natural defense. 增强免疫反应代表身体的自然保卫。 来自辞典例句
• Agriculture in the developing nations is not irreversibly committed, to a particular pattern of intensification. 发展中国家的农业并没有完全为某种集约化形式所束缚。 来自辞典例句

5 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。

6 bolster   

n.枕垫；v.支持，鼓励

参考例句：

• The high interest rates helped to bolster up the economy.高利率使经济更稳健。
• He tried to bolster up their morale.他尽力鼓舞他们的士气。

7 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。

8 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。

9 consultations   

n.磋商（会议）( consultation的名词复数 )；商讨会；协商会；查找

参考例句：

• Consultations can be arranged at other times by appointment. 磋商可以通过预约安排在其他时间。 来自《现代汉英综合大词典》
• Consultations are under way. 正在进行磋商。 来自《现代汉英综合大词典》