Economic Recovery on the Way
Economic experts are predicting that the poorly performing domestic economy will recover in the next financial quarter. After months of economic recession, local companies (44) to make larger profits. Ted Wilder, a leading authority in the field, suggests that the reasons for the positive outlook can largely be attributed to recent (45) .
Laws enacted by the federal government last month granting benefits and subsidies to the manufacturing industry have greatly increased production, leading to record numbers of goods being shipped overseas. The (46) . in exports is also having a positive impact on the rest of the economy.
Economic Recovery on the Way
Economic experts are predicting that the poorly performing domestic economy will recover in the next financial quarter. After months of economic recession, local companies (44) to make larger profits. Ted Wilder, a leading authority in the field, suggests that the reasons for the positive outlook can largely be attributed to recent (45) .
Laws enacted by the federal government last month granting benefits and subsidies to the manufacturing industry have greatly increased production, leading to record numbers of goods being shipped overseas. The (46) . in exports is also having a positive impact on the rest of the economy.
America’s economic recovery remains uncomfortably weak. The latest data show industrial production falling while the trade deficit soars to record levels. To round off a dismal week for economic statistics, the Fed (美联储) announced that industrial production fell by 0.2% in December compared with the previous month. That came as a disappointment to economists who had been expecting a small rise. Monthly data are always unreliable, of course; there is always a plausible explanation for unexpectedly bad (or good) news. But nearly all recent economic statistics point to the same conclusion--that America’s recovery remains sluggish and erratic. It could put pressure on the Fed to consider cutting interest rates again when its policymaking committee meets at the end of the month.
The biggest obstacle to healthier economic performance, though, is political. As the Fed’s chairman, Alan Greenspan, acknowledged in the closing months of 2002, uncertainty about the
A. It is recovering
B. It faces an uncertain future
C. It remains depressing
D. It shows unreliable signs
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