Texts for oral translation

TEXT 1

Translate the article into Russian orally.

U.S. Industrial output falls, signals weak first-quarter gdp growth

U.S. industrial production fell more than expected in March as manufacturing output dropped by the most in a year and mining maintained its downward trend, the latest indication that economic growth braked sharply in the first quarter.

Economists say a combination of temporary factors, including an ongoing problem with the model the government uses to smooth the data for seasonal fluctuations, has accounted for lower growth in the first quarter.

Industrial production has fallen in six of the last seven months. Industrial production fell at an annual rate of 2.2 percent in the first quarter after decreasing at a 3.3 percent pace in the fourth quarter. Industrial capacity use in March fell to its lowest level since August 2010.

The report joined data on retail sales, business spending, trade and wholesale inventories in suggesting that economic growth slowed to crawl at the turn of the year.

The industrial sector has been undermined by a slowing global economy and robust dollar, which have eroded demand for U.S. manufactured goods.

It is also being weighed down by lower oil prices that have undercut capital investment in the energy sector, as well efforts by businesses to reduce an inventory overhang. But there are signs the worst of the industrial sector downturn is over.

http://www.reuters.com, April 15^th, 2016

Useful terms and expressions

• to brake - тормозить, ограничивать, препятствовать, тормозиться

• industrial capacity use – загрузка промышленных предприятий

• retail sales - объем розничных продаж

• wholesale inventories – объем товарно-материальных запасов в оптовой торговле

• robust – сильный, активный, динамичный

• to erode – разрушать, ослаблять, уменьшать

• to undercut –1) сбить, ослабить, 2) сбить цену, продавать по более низкой цене

• capital investment – капиталовложения

• inventory overhang – избыток, излишек ТМЗ

TEXT 2

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Greek economy keeps on crumbling

Greece’s economy shrank in the first three months of 2012, the 13th contraction in the past 14 quarters as policy makers struggled to stay in the euro.

Gross domestic product dropped 6.2 percent from a year earlier in the first quarter after contracting 7.5 percent in the fourth quarter of 2011, the Athens-based Hellenic Statistical Authority said in an e-mailed statement today. The figure is based on non-seasonally adjusted data. The agency didn’t provide a seasonally adjusted figure.

The European Commission forecasts Greece’s economy will contract 4.7 percent this year, its fifth year of a recession compounded by spending cuts and tax increases.

http://www.reuters.com, June 8^th, 2012

Useful terms and expressions

• to crumble – обрушиться, разрушаться, дробиться, распадаться

• to shrink (shrank, shrunk) – сокращаться

• spending cut – сокращение расходов/ассигнований

Give English equivalents to the following word combinations.

объем промышленного производства; тенденция к снижению; сглаживать сезонные колебания; в годовом исчислении; замедление темпов роста мировой экономики; спад в секторе промышленности; снижение ВВП; лица; ответственные за выработку экономической политики; сократить капиталовложения; снижение цен на нефть; предоставить данные без учета сезонных колебаний; экономический прогноз; повышение налогов; самое значительное сокращение ВВП за десятилетие.

TEXT 3

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