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Homework For 5.10 (Group 1)
Homework For 5.10 (Group 1)
Study the words and word-combinations from the text below and their translation
options.
2. Translate the highlighted part of the text “IMF SAYS GLOBAL ECONOMY IS
ENDING TOWARDS RECESSION”.
Pierre-Olivier Gourinchas, economic counsellor at the IMF, says the global outlook has darkened
significantly since April.
П'єр-Олів'є Гуріншас, економічний радник МВФ, каже, що глобальні (світові)
перспективи значно погіршилися з квітня.
The International Monetary Fund has said the global economy could soon be teetering on the
brink of recession amid evidence that the world’s three biggest economies are all stalling and
inflation is higher than previously forecast.
Міжнародний валютний фонд заявив, що світова економіка незабаром може опинитися на
межі рецесії на тлі свідчень про те, що три найбільші економіки світу зупинилися, а
інфляція є вищою, ніж прогнозувалося раніше.
In a downbeat update to its April world economic outlook (WEO), the IMF cut its growth
forecasts in 2022 and 2023 – and raised the prospect of a more pronounced slowdown.
У своєму квітневому звіті "Перспективи розвитку економіки світу" (ПРЕС) МВФ знизив
прогнози зростання економіки у 2022 та 2023 роках і підвищив ймовірність більш
вираженого її уповільнення.
It said problems in the US, China and the eurozone had resulted in global output falling in the
second quarter of this year – the first contraction since the start of the Covid-19 pandemic.
“The outlook has darkened significantly since April,” said the IMF’s economic counsellor,
Pierre-Olivier Gourinchas. “The world may soon be teetering on the edge of a global recession,
only two years after the last one.”
The Washington-based IMF said it now expected the global economy to grow by 3.2% in 2022 –
a 0.4-point reduction since April. The slowdown is predicted to continue next year, when growth
is now forecast to be 2.9% – 0.7 points lower than had been pencilled in three months ago.
The UK is forecast to grow by 3.2% in 2022 and by just 0.5% in 2023 – cuts of 0.5 and 0.7
points. The IMF expects the UK to slow down markedly in the second half of this year and to be
the weakest of the G7 economies in 2023.
Великобританія прогнозує зростання на 3,2% у 2022 році та всього на 0,5% у 2023 році -
зниження на 0,5 та 0,7 пункту. МВФ очікує, що Сполучене Королівство помітно
сповільниться у другій половині цього року та отримає статус найслабшої з економік
Великої Сімки у 2023 році.
“The global economy, still reeling from the pandemic and Russia’s invasion of Ukraine, is facing
an increasingly gloomy and uncertain outlook,” Gourinchas said.
In 2023, all the world’s major economies apart from Nigeria and Saudi Arabia – both oil
exporting countries – are now expected to grow more slowly.
Only Japan and Canada of the group of major industrial nations are forecast to grow by more
than 1% next year, with the IMF predicting expansion of 1% in the US and France, 0.8% in
Germany and 0.7% in Italy.
Gourinchas said there were a number of downside risks to the global economy that could result
in an even weaker performance. These included:
A sudden stop of European gas flows from Russia as a result of the war in Ukraine.
Stubbornly high inflation.
A debt crisis triggered by tighter global financial conditions.
Further Covid-19 outbreaks and lockdowns in China.
Social unrest triggered by rising food and energy prices.
Trade wars and geopolitical fragmentation.
“In a plausible alternative scenario where some of these risks materialise, including a full
shutdown of Russian gas flows to Europe, inflation will rise and global growth decelerate further
to about 2.6% this year and 2% next year – a pace that growth has fallen below just five times
since 1970,” Gourinchas said.
“Under this scenario, both the United States and the euro area experience near zero growth next
year, with negative knock-on effects for the rest of the world.” The IMF’s economic counsellor
said combatting inflation should be the top priority for policymakers, and he supported recent
central bank decisions to raise interest rates.
Governments could cushion the impact of the slowdown on the most vulnerable through targeted
support, Gourinchas said, but the help should be paid for by higher taxes or lower public
spending to ensure the job of central banks was not made harder.
2. New current account customers can borrow up to £200 in the form of a low-interest _______.
a. overdraft b. overtake c. overspend
Нові клієнти, у яких є поточні рахунки можуть отримати до 200 фунтів стерлінгів у
вигляді низькопроцентного овердрафту.
6. You will need to _________ your PIN each time you use the card.
a. put in b. type c. enter
При використанні картки вам потрібно буде щоразу вводити PIN-код.
9. If you need to borrow more money from your bank, you can ask them to increase your _____.
a. overdraft limit b. overdraft level c. overdraft supply
Якщо вам потрібно позичити більше грошей в банку, ви можете попросити збільшити
ліміт овердрафту