recession 景気後退 (ABCニュースシャワー) - ほぼ毎日 英語学習日記 ~ 英語holic ~

recession 景気後退 (ABCニュースシャワー)

ABCニュースシャワー Today's News: 景気後退のおそれ (08/1/11)



They'll take what action is necessary to prevent a recession.

recession :景気後退。婉曲に言えばR-word。

※rising unemployment 「上昇する失業率」
※slowdown in consumer spending 「低調になる個人消費」。

・An economic slowdown has affected my company's business.

◆The pullback in spending sets a vicious cycle in motion.

・pullback in spending 消費の買い控え
・vicious cycle 悪循環

YouTuberecession(景気後退)についてのCNNニュース映像  <YouTube>

Goldman Sachs says the weak jobs report on Friday was the last straw. Unemployment unexpectedly jumped from 4.7 percent to 5 percent. That's the kind of jump that, historically at least, spells recession.

That's because losing a job or the fear of losing a job is the most certain way to make Americans slow down their spending. Americans are the world's best spenders, so, when they slow down, so does the world's biggest economy. A recession is officially described as a significant decline in economic activity spread across the economy lasting more than a few months.

The problem is, you can't officially measure a recession until months after it's started. And that's long after Americans know it's happening. And Americans are worried. Exit polls of New Hampshire primary voters show that 80 percent of Republicans and 97 percent of Democrats are worried about the economy.

So, what can be done to stave off a recession? Well, for starters, the Fed can continue to cut interest rates. Lower interest rates make it cheaper for consumers and businesses to borrow money. Rate cuts encourage consumers and businesses to spend, which, in turn, causes the economy to expand.

The Federal Reserve has already cut interest rates three times since September, and it's expected to shave another half-a-percentage point off at the end of January. And, if that doesn't work, the Fed could continue to cut rates in coming months.

・slowdown 景気後退
・cut interest rates 金利を引き下げる
・housing industry 住宅産業