IMF says US economic recovery still policy driven

（单词翻译）

    WASHINGTON, Oct. 19 (Xinhua) -- Thanks to a massive（巨大的） and sustained（持久的） policy response, the U.S. economy has continued to recover from the worst recession（衰退,不景气） since the Great Depression, but the recovery remains¹ policy driven so far, said an International Monetary² Fund (IMF) report released on Tuesday.
    In the report, titled Regional Economic Outlook -- Western Hemisphere, the IMF said that the U.S. "near-zero monetary policy rates and a doubling of the Federal Reserve' s balance sheet provided liquidity³ support to the economy."
    It also noted⁴ that the U.S. government fiscal⁵ stimulus⁶ measures added more than 1 percent to growth in 2009, with a smaller effect expected in 2010. Capital injections in major financial institutions(金融机构), emergency lending, stress tests, and guarantees stabilized⁷ financial conditions and broke the adverse⁸ macrofinancial spiral.
    "As a result, stimulus-sensitive components⁹ of demand bounced back, including auto¹⁰ and house purchases which were beneficiaries of targeted subsidies," the IMF said.
    Besides, the inventory¹¹ adjustment cycle began to turn around in mid-2009, contributing massively to the recovery.
    In its latest World Economic Report released earlier this month, the IMF projected that the U.S. economy would grow 2.6 percent and 2.3 percent in 2010 and 2011, respectively.(本文由在线英语听力室整理编辑)