Japan has slipped back into recession, leaving financial analysts to ponder over the implications for the global economy. Japan's economy unexpectedly shrank for the second consecutive quarter. Two successive negative quarters officially puts a country in recession. The slide in the last quarter has taken economists by surprise. Figures indicated that Japan's economy would grow by 2.1 per cent in the last quarter. Instead, gross domestic product (GDP) fell by 1.6 per cent between July and September. Many economists attributethe fall to April's increase in sales tax from five to eight per cent. Many Japanese consumers have tightened their purse strings and are simply not spending.
World leaders are worried that Japan's slide back into recession could be ominous for the global economy. British leader David Cameron said the world was on the brink of a second economic disaster. He told reporters he saw "red warning lights" for the global economy because of international "instability and uncertainty" and a slowing of growth in emerging markets, especially Brazil and China. Mr Cameron said the problems were "plain to see". He added: "The Eurozone is teetering on the brink of a possible third recession, with high unemployment, falling growth and the real risk of falling prices. Emerging markets, which were the driver of growth in the early stages of the recovery, are now slowing down."
日本又一次进入了经济萧条期，金融分析师认为这将对全球经济造成影响。出乎人们所料，日本经济连续第二个季度下滑 。连续两季度的下滑使日本陷入了萧条的泥沼当中 。最后一季度的下滑出乎了经济学家的预料 。数据表明日本的经济在最后一个季度将会增长2.1% 。但是，日本的国民生产总值在7月到9月之间下滑了1.6% 。许多经济学家把这一次的下降归结于四月份不断增长的销售税，从5%增长到了8% 。许多日本消费者勒紧了腰包 。
1.teeter on 濒临
The hotel is teetering on the brink of bankruptcy.
2.tighten purse 节省开支
Now is the time to tighten purse strings and reassess budgets.
3.on the brink of 濒临
There are still new species being discovered: plants, birds, chameleons, lemurs, tortoises that we might not yet know about, that could be on the brink of extinction.
4.emerging markets 新兴市场
But what should residents of emerging markets do?
5.sales tax 销售税
This figure includes the sales tax. Some states use income tax in addition to sales tax to raise their revenues.
1.Who is thinking about implications for the global economy?
b) financial analysts
c) people with stocks
d) Japanese consumers
2.How many quarters in a row has Japan's economy shrunk?
3.By how much was Japan's economy expected to grow?
4.What do economists blame for Japan's fall in GDP?
a) a rise in sales tax
b) the global economy
d) a lack of investment
5.What are Japanese consumers tightening?
a) nuts and bolts
b) their purse strings
d) their belts
6.Who is worried that Japan's recession could be ominous?
a) world leaders
b) Japan's prime minister
d) tax authorities
7.What did David Cameron say the world was on the brink of?
a) a recovery and boom
b) a new age
c) a second economic disaster
d) financial collapse
8.In which two emerging countries was growth slowing?
a) China and Brazil
b) India and Russia
c) China and Russia
d) Brazil and India
9.What is teetering on the brink of a third possible recession?
a) the USA
b) South America
d) the Eurozone
10.What did the article say was the driver of growth?
a) the European Union
b) the World Bank
c) emerging markets