【正文】
貸危機(jī) ) is the reason for this financial crisis in the US. Banks lent loans to peole who were not capable of repaying their loans. Based on these loans a lot of plex financial products were created and sold to a lot of people. When the US real estate market took a beating, house prices started ing down. This resulted in a high number of defaults on subprime mortgage loans. This triggered a sequence of events which resulted in losses in billions to whoever was involved in this confusion. Ex. A: Listen to the news and plete the summary. The news is about _______________________________________________ world economic growth that is predicted to slow in 2022. Ex. B: Listen to the news again and plete the following sentences. 1. The estimated growth of the world economy in 2022 was at ___________________________. 2. According to the International Moary Fund’s estimation, the growth in 2022 is at _____________________________. 3. In 2022, the price of a barrel of oil ________. 4. On the second day of 2022, the oil price reached _________ per barrel. five and twotenth percent four and eight tenths percent doubled $100 Ex. C: Complete the following passage. The global economic growth, though remaining _____ in 2022, is predicted to ____ in 2022. _________________ and _______________ are two major issues that effect world economic growth for 2022. These two major issues plus ____________ continuing to drop against most major currencies lead to worries of an economic __________ or _________ in the United States. strong slow The housing market the energy prices US dollar slowdown a recession Section three Oral Work Part 1 Questions and Answers 1. Why is Professor Thomas surprised? ?Because the Prize was pletely unexpected. 2. How does Mrs. Thomas feel about it? ?She’s absolutely delighted. 3. Does Professor Thomas find it difficult to work at the moment? ?Yes, he finds it quite impossible. 4. What does Professor Thomas think about giving up work? He thinks the idea is utterly ridiculous. 5. What does Mrs. Thomas say about her husband’s attitude to his work? ?She says he’s totally dedicated to his work. 6. What is the reaction of everyone to the professor’s success?