首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
The recovery of the U.S. economy during the first quarter of this year has been so spectacular that it is creating a new set of
The recovery of the U.S. economy during the first quarter of this year has been so spectacular that it is creating a new set of
admin
2005-11-28
74
问题
The recovery of the U.S. economy during the first quarter of this year has been so spectacular that it is creating a new set of risks for financial markets. The great new risks now facing the U.S. economy center on monetary policy and the oil market. The current federal funds interest rate of only 1.75 percent has clearly become unsustainable in view of the economy’s resilience. The Federal Reserve will raise interest rates by at least 0.25 percentage points during the second quarter and could increase short-term interest rates to at least 3 percent before the autumn-the level they were at before September 11.
Such tightening would probably cause refinancing to slump to about $300 billion at annual rates later this year, which would eliminate capital gains as a prop for consumer spending. Rising interest rates could also damp the rally likely to occur in the equity market as corporate profits recover. If investment spending fails to revive, the economy’s annual growth rate could slide back to the 2~3 percent. .
The oil price is also a big risk, mainly because the Bush administration appears determined to attack Iraq. The probability of war could easily push the oil price back to the $35~40 a barrel range for at least a few months. In effect, that would impose a big new tax on consumer spending and corporate profits. The prospect of monetary tightening and a sharp increase in the oil price suggests that late 2002 and early 2003 could be a period of great volatility for the U.S. economy.
选项
答案
今年第一季度美国经济如此壮观的复苏给金融市场造成一系列新的风险。货币政策和石油市场是美国经济面临这些巨大的新风险的集中来源。从经济恢复力来看,当前只有1.75%的联邦利率已显然不能持续。美联储决定将在第二季度将利率提升至少0.25%,并会在秋季前将短期利率提升至3%以上——这同样是美国在9?11之前的利率水平。 这样的紧缩政策也许会引起今年年底再集资水平跌至3亿美元/年,这将使资本收益在消费性支出中的支柱作用完全失去。利率的提高也将抑制企业利润好转下股票市场的回升。假如投资支出没能复原,整个经济的年增长率将回落至2%~3%。 同样是一大风险的还有石油价格,主要原因是布什政府表现出来的攻打伊拉克的坚决态度。战争的可能性可以轻而易举地将油价推回到35~40美元一桶,并且这一持续就会是几个月,结果将是在消费性支出和公司利润头上新加了一大笔税赋。货币紧缩政策与油价急剧攀升的前景暗示着2002年底和2003年初可能是美国经济的一大波动期。
解析
转载请注明原文地址:https://jikaoti.com/ti/D6kYFFFM
0
考博英语
相关试题推荐
—Readthearticleontheoppositepageaboutanexperimenttohelpmanagersimprovetheirworklifebalance.—Choosethebest
WhichhoteldoesGraham’scolleaguerecommend?WhenwillBillstayattheHilton?
HowtoapproachListeningTestPartTwo•ThispartoftheListeningTesttestsyourunderstandingofnumbers,namesandspell
Howmanyaretherequalitycontrolinspectionpoints?Howtocheckthequalityduringproduction?
Theairportexpressdepartsfromplatform3every20minutesduringtheday(every30minutesatnight).
一般情况下,本刊按收到投稿的时间先后顺序,对每一篇作品按照规定的标准进行审阅,然后决定发表或退稿,同时向作者发出通知。审阅将在收到作者投稿后2个月内完成。如果作者在投稿后3个月内未收到录用通知或退稿信,可自行考虑投寄他刊。
很多移居城市的人虽然在报酬低、没有什么保障的非正式行业工作,但调查表明,迁移到城市确实改善了他们的生活境况,而且,他们对城市的经济发展起到了重要作用。
实行改革开放以来改变了过去封闭半封闭状态,提高了我国经济水平。
STANZA:POEM
随机试题
工业上生产乙炔常采用()。
心肌不会产生强直收缩的原因是
A商贸有限公司在法定代表人甲某的主持下,在未取得进口货物许可证的情况下,购买了马来西亚某公司的笔记本电脑100台,价值120万元,香烟1万条,价值130万元,后在交接时被海关人员查获,则对于本案的处理应当是:()
岩质边坡由泥质粉砂岩与泥岩互层组成为不透水边坡,边坡后部有一充满水的竖直拉裂带,如图6—1所示。静水压力Pq为1125kN/m,可能滑动的层面上部岩体重量W为22000kN/m,层面摩擦角φ为22°,黏聚力c为20kPa,试问其安全系数最接近于下列何项数值
某有限责任公司连续5年不向股东分配利润,而公司该5年连续盈利,并且符合《公司法》规定的分配利润条件,则股东可以()。[2012年真题]
以下关于增值税纳税地点的表述中,错误的是()。
我们党的最大政治优势是()。
根据下列资料。回答下列题。2012年上半年世界62个主要产钢国和地区粗钢产量76686万吨,同比增长0.88%,按日均计算仅增长0.32%.扣除我国粗钢产量外日均产量同比下降0.5%。2012年1~6月中国粗钢产量同比增长:
下列旅游资源中,位于德阳境内的有()。
2015年全国海洋生产总值64669亿元,比上年增长7.0%,海洋生产总值占国内生产总值的9.6%。其中,海洋第一产业增加值3292亿元,第二产业增加值27492亿元,第三产业增加值33885亿元。2014年,海洋工程建筑业增加值约是海洋盐业增加值的
最新回复
(
0
)