VOA标准英语2012--World Bank Urges Developing Countries to Brace for Long Term Volatility

 

World Bank Urges Developing Countries to Brace¹ for Long Term Volatility²

Emerging market economies may have weathered the 2008 financial crisis better than more advanced countries, but the World Bank warns -- it could happen again.

Senior bank economist³ Andrew Burns says anything is possible right now in Europe.

"Although we don't see it as a baseline scenario⁴, it certainly is possible that the situation in high-income Europe deteriorates⁵ significantly. And if it did, that would have very serious impacts for developing countries," Burns said.

With borrowing costs still rising in Spain and Italy, and an upcoming Greek referendum that could forever alter the Eurozone -- Burns predicts a bumpy⁶ ride.

But even with the most recent bailout in Spain - economist Peter Morici says the problems facing Greece and Spain are very different.

"Spain's problem is one of a banking⁷ crisis. Greece's problem is one of a government crisis," Morici said.

Either way, Morici says the crisis has the potential to plunge⁸ the world into another recession, reducing global trade and exports dramatically.

The World Bank says developing nations need to focus on enhancing domestic productivity and boosting infrastructure⁹ development -- while reducing debt.

"What we suggest is that countries take the time now to try and replenish¹⁰ some of those cushions, some of those buffers¹¹ they used in 2008 - 2009 so successfully to recover from that crisis. Try and rebuild those now by bringing policy to a more neutral stance, reducing fiscal¹² deficits¹³ so that they have the ammunition¹⁴ to respond if a crisis, a second crisis, announces itself," Burns said.

Despite an over-abundance of caution, Burns is optimistic about a full-fledged global recovery - one led by emerging economies in Central Asia, the Middle East and Sub-Saharan Africa. 

1 brace   

n. 支柱,曲柄,大括号; v. 绷紧,顶住,(为困难或坏事)做准备

参考例句：

• My daughter has to wear a brace on her teeth. 我的女儿得戴牙套以矫正牙齿。
• You had better brace yourself for some bad news. 有些坏消息,你最好做好准备。

2 volatility   

n.挥发性，挥发度，轻快，（性格）反复无常

参考例句：

• That was one reason why volatility was so low last year.这也是去年波动性如此低的原因之一。
• Yet because volatility remained low for so long,disaster myopia prevailed.然而，由于相当长的时间里波动性小，灾难短视就获胜了。

3 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

4 scenario   

n.剧本，脚本；概要

参考例句：

• But the birth scenario is not completely accurate.然而分娩脚本并非完全准确的。
• This is a totally different scenario.这是完全不同的剧本。

5 deteriorates   

恶化，变坏( deteriorate的第三人称单数 )

参考例句：

• After a few years' planting, the quality of the potato crop deteriorates. 土豆种了几年之后就会退化。
• Virus activity deteriorates in plasma stored at room temperature. 在室温下储藏的血浆中病毒活动逐渐衰退。

6 bumpy   

adj.颠簸不平的，崎岖的

参考例句：

• I think we've a bumpy road ahead of us.我觉得我们将要面临一段困难时期。
• The wide paved road degenerated into a narrow bumpy track.铺好的宽阔道路渐渐变窄，成了一条崎岖不平的小径。

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 plunge   

v.跳入，(使)投入，(使)陷入；猛冲

参考例句：

• Test pool's water temperature before you plunge in.在你跳入之前你应该测试水温。
• That would plunge them in the broil of the two countries.那将会使他们陷入这两国的争斗之中。

9 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

10 replenish   

vt.补充；(把…)装满；(再)填满

参考例句：

• I always replenish my food supply before it is depleted.我总是在我的食物吃完之前加以补充。
• We have to import an extra 4 million tons of wheat to replenish our reserves.我们不得不额外进口四百万吨小麦以补充我们的储备。

11 buffers   

起缓冲作用的人（或物）( buffer的名词复数 )； 缓冲器； 减震器； 愚蠢老头

参考例句：

• To allocate and schedule the use of buffers. 分配和计划缓冲器的使用。
• Number of times the stream has paused due to insufficient stream buffers. 由于流缓冲区不足导致流程暂停的次数。

12 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。

13 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

14 ammunition   

n.军火，弹药

参考例句：

• A few of the jeeps had run out of ammunition.几辆吉普车上的弹药已经用光了。
• They have expended all their ammunition.他们把弹药用光。