英闻天下——529 IMF Cuts 2013 World Growth Forecast to 3.3%

 　　The International Monetary¹ Fund has cut its world growth forecast for 2013 as the euro zone recession continues to drag.

 

　　CRI's Zhang Shuangfeng has more.

 

　　The IMF has released its newest assessment² of the global economy, World Economic Outlook.

 

　　In the report, the IMF cut its forecast for global growth to 3.3 percent this year, down from its January forecast of 3.5 percent.

 

　　However the global lending organization didn't alter its prediction of 4 percent global growth in 2014.

 

　　Olivier Blanchard, an IMF Economic Counselor³, says the world economy has turned into a three-speed recovery.

 

　　"Namely, that we have moved from a two-speed recovery to a three-speed recovery. Emerging market and developing economies are still going strong, but in advanced economics, there appears to be a growing bifurcation between the United States on the one hand and the Euro area on the other."

 

　　Blanchard adds the three-speed recovery is reflected in the IMF's forecasts. The IMF predicts that growth in emerging markets and developing economies will reach 5.3 percent in 2013, and 5.7 percent in 2014.

 

　　Blanchard says developing nations including China, are expected to show the strongest growth over the next two years.

 

　　"We forecast China to grow at 8% in 2013. Although this forecast was made before yesterday's numbers were announced, and we are sill analyzing⁴ these numbers, but at the moment is 8%."

 

　　The IMF forecasts were issued before China reported that its growth slowed to 7.7 percent in the first quarter.

 

　　That was down from 7.9 percent in the previous quarter. In its previous forecast, the IMF had predicted 8.1 percent Chinese growth this year.

 

　　Blanchard is warning advanced countries' financial policies and slow recovery would make developing countries' policies more complicated.

 

　　"Given the strong interconnections between countries, an uneven⁵ recovery is also a dangerous one. In some ways, the world economy is as weak as its weakest link. While some tail risks have decreased, it is not time for policy makers⁶ to relax."

 

　　Meanwhile, according to the report, growth in the United States will be 1.9 percent in 2013, and 3 percent in 2014. However, the IMF predicts that the 17-country euro zone will shrink 0.3 percent in 2013 and grow only 1.1 percent in 2014.

 

　　The IMF predicts the 17-member euro zone is expected to continue struggling, as governments take steps to reduce their deficits⁷ and weak banks reduce lending.

 

　　The IMF issued the report in advance of spring meetings of the IMF and World Bank in Washington later this week.

 

　　The agenda for the meetings is expected to include discussions on how to accelerate growth, create jobs and reform banking⁸ regulations.

 

　　For CRI, I'm Zhang Shuangfeng.

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 assessment   

n.评价；评估；对财产的估价，被估定的金额

参考例句：

• This is a very perceptive assessment of the situation.这是一个对该情况的极富洞察力的评价。
• What is your assessment of the situation?你对时局的看法如何？

3 counselor   

n.顾问，法律顾问

参考例句：

• The counselor gave us some disinterested advice.顾问给了我们一些无私的忠告。
• Chinese commercial counselor's office in foreign countries.中国驻国外商务参赞处。

4 analyzing   

v.分析；分析( analyze的现在分词 )；分解；解释；对…进行心理分析n.分析

参考例句：

• Analyzing the date of some socialist countries presents even greater problem s. 分析某些社会主义国家的统计数据，暴露出的问题甚至更大。 来自辞典例句
• He undoubtedly was not far off the mark in analyzing its predictions. 当然，他对其预测所作的分析倒也八九不离十。 来自辞典例句

5 uneven   

adj.不平坦的，不规则的，不均匀的

参考例句：

• The sidewalk is very uneven—be careful where you walk.这人行道凹凸不平—走路时请小心。
• The country was noted for its uneven distribution of land resources.这个国家以土地资源分布不均匀出名。

6 makers   

n.制造者，制造商（maker的复数形式）

参考例句：

• The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
• The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》

7 deficits   

n.不足额( deficit的名词复数 )；赤字；亏空；亏损

参考例句：

• The Ministry of Finance consistently overestimated its budget deficits. 财政部一贯高估预算赤字。 来自《简明英汉词典》
• Many of the world's farmers are also incurring economic deficits. 世界上许多农民还在遭受经济上的亏损。 来自辞典例句

8 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。