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| Business Words in the News
Friday 03 January 2003
Vocabulary from the business news. Listen to and read the report then find explanations of difficult words below.
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President Bush on the US economy
Summary: President Bush has said he'll announce an economic stimulus package next week. He was speaking as figures released showed a rise in unemployment in the US, but also an increase in manufacturing activity. This report from Rob Watson:
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| | The News | |
| | | Rob Watson:
President Bush told reporters his economic stimulus package would be aimed at creating jobs and taking care of those who couldn't find work. Though he gave no details, White House officials say it's likely to mean more tax cuts for businesses and individuals. In something of a New Year's pep talk to investors, the president told reporters that while measures were needed to enhance the US economy, it remained fundamentally healthy:
President Bush:
"This economy is pretty darned strong, given the fact that we've been through a recession, and a terrorist attack, a breach of corporate confidence because of some malfeasance, and yet the economy still grows."
Rob Watson:
But there are mixed signals about the direction the US economy is heading. Although there was a large increase in output from America's manufacturers in December, there was also a rise in unemployment. The economy is a vital issue for the Bush administration, with the White House acutely aware that the president's chances of re-election in 2004 are likely to depend as much on the voters' sense of financial, as well as physical, security.
Rob Watson, BBC, Washington
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| | The Words
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| | | economic stimulus package
a group of measures to activate business
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| | | pep talk
a speech of encouragement
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| | | fundamentally healthy
basically good
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| | | recession
a time when the economy of a country is not very successful
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| | | a breach of corporate confidence
a break in the trust people have for large businesses
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| | | malfeasance
misconduct by officials
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| | | output
production
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| | | issue
an important problem that people are talking about
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| | | acutely
intensely
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| | | security
safety
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