时间:2019-01-21 作者:英语课 分类:2018年VOA慢速英语(十二)月


英语课

Experts Worry About South Korea’s Economy


Economic experts are concerned about South Korea’s economy.


The Hyundai Research Institute recently suggested in a report that the economy “reached its peak in May 2017.”


The finding comes at a difficult time for South Korean President Moon Jae-in, whose public approval ratings have been falling.


An opinion study by Gallup Korea shows Moon’s approval rating at 45 percent, the lowest of his presidency 1. Also, a majority of businesses do not have a good opinion of him.


The Hyundai Research Institute predicts that the South Korean economy will grow at a rate of 2.5 percent next year. That is lower than the Bank of Korea’s prediction of 2.8 to 2.9 percent over the next two years.


Kim So Young is an economics professor at Seoul National University. He told VOA that the economy is slowing down, but at present, “it’s not at its worst.”


Chung Min is a research fellow with the Hyundai Research Institute. He predicts the economy will reach its lowest point during the second half of 2019.


“The economy is faced with downward risks, such as deepening trade disputes,” he said.


Economists 2 are also concerned about other issues, such as rising household debt, Kim So Young said.


Taeyoon Sung is a professor in the School of Economics at Yonsei University. He said the Korean economy has lost competitiveness in the international marketplace.


Sung said that the higher cost of wages for workers, including an increase in the minimum wage, have hurt businesses.


Developing an economic plan


On Monday, the South Korean president called for measures to increase economic growth.


At a meeting with government ministers, Moon called for policies that add “innovation in regulation” and support for investment. He also called for lifting “regional economies and balanced development.”


Moon noted 3 that it is difficult to “change an economy in a five-year term…” In South Korea, the president is limited to a single term of five years. He added that “changing the economic policy direction” takes time and requires patience.


The Hyundai Research Institute’s Chung Min said that rules do need to be changed to support investment in the economy. He called for more spending on what is called social overhead capital, known as SOC. These are things that society considers important, like libraries, public parks and community projects, which are not directly linked to industry.


Chung said an increase in SOC projects could ease a slowdown in the building industry “leading to a more active economy.”


The Hyundai Research Institute has called for economic changes, including a cut in interest rates. It also suggested that the budget permit additional spending in the first half of 2019.


Kim So Young agreed that changes to current economic policies were wise because South Korea cannot control issues outside the country, such as trade disputes.


I’m Mario Ritter Jr.


Words in This Story


peak – n. the highest level, point or amount


fellow – n. a person appointed to a position involving study or research


minimum – n. the lowest amount permitted


innovation – n. the act or process of introducing new ideas, devices and methods


regulation – n. an official rule or law about how something should be done


regional – adj. local; related to parts of a country


overhead – n. costs for heat, electricity and other things that a business must pay that are not related directly to what the business sells


library – n. a place where books, audio recordings and videos are kept for use



n.总统(校长,总经理)的职位(任期)
  • Roosevelt was elected four times to the presidency of the United States.罗斯福连续当选四届美国总统。
  • Two candidates are emerging as contestants for the presidency.两位候选人最终成为总统职位竞争者。
n.经济学家,经济专家( economist的名词复数 )
  • The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
  • Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》
adj.著名的,知名的
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。
学英语单词
-ventilated
abstemiousnesses
albertan
albeston
Altretaminum
antibiotin
attic room
audiophilic
Barton Peninsula
beam-ends
believe one's ears
better-safe-than-sorry
bevel ring
big tents
box section ring
British Sign Language
cherryhill
cheventeins
clivipollia pulchra
coal shoot
colour stimulus
convince sb of
cross-faulted anticline
cuskhyrine
cytotrophoblast(CT)
deformation increment
dihydrostreptomycin sulphate
Diplomeris pulchella
double-bucket weigher
double-dips
draft offering
drag-chain
drawing grease
drying press
eaodatolenticular
Ed.D.
entrenched meander(intrenched)
etem
finubars
flexor plate
flitching
friable iron pan
fringe stopping center
gas bypass
geotechnic investigation
Gersh method
gin wheel
Glauconex
glcerophosphate
globuss
gray spiege
Gruchet-le-Valasse
hazel-wood
incoherent analogue modulation
inconsistency of invoices and goods
iron(iii) sulfocyanide
key pad numeric mode
maggot-like larva
Maiasaura
mask opening
mechanical machine washing
merchandise inventory-initial
micaceous iron ore
Mohiuddinpur
Mosso's sphygmomanometer
neutral coast
nonswelling
one of these day
oneiro
osteodental dysplasia
oversystematize
perendinating
prime brass
proximal digital annular ligament
retrieve data
Revenue requirement
rhodope mts. (rodopi)
Rub-a-Dub-Dub
school innovation
semi continuous hot strip mill
settlement statement
sexual sensation
sheet-punching machine
Smiledon
Smith's method
smith-welding
soap content in grease
steering mechanisms
subflavous
taca
tetracontyl
The deuce you will
thermally metamorphosed rocks
thwonk
tonsillomoniliasis
tumpang
ultrasonic cutting machine
unclassical
upwind landing
wall chase
WCDO
yukos