Useful terms and expressions

• to settle for – довольствоваться, удовлетвориться, примириться

• to crank up – наращивать, увеличивать объем, интенсифицировать

• to highlight – указывать на, подчеркивать, выдвигать на первый план

• a retreat – отступление, отход, общее снижение

• nimble – проворный, мобильный, гибкий, быстро реагирующий

• to mitigate – смягчить, умерить, уменьшить

• rally – рост после снижения, оживление

• debt-laden – обремененный долгами, погрязший в долгах

• hydraulic fracturing – метод гидравлического разрыва пластов (технология добычи сланцевого газа)

syn. fracking

• to outrun – обогнать, опередить

• fleet-footed – быстроногий, проворный, мобильный

• backlog – резерв, запас, очередь

• to resume - возобновлять

• lay off – увольнять

• a rig – буровая вышка / платформа

Consolidation

Exercise № 11

Translate the following sentences into Russian.

1. Weak utilities production could be a drag on consumer spending.

2. Growth in the service sector accounted for 90% of all jobs created in 2015.

3. The extra cars produced then may delay the need for increased production now.

4. Imports stagnated in October as U.S. demand for crude oil plunged, an outcome that may prove to be temporary as the world’s largest economy picks up.

5. Consumer spending, which accounts for 70 percent of the economy, rose at a 4.4 percent annual pace in the fourth quarter, the biggest gain in four years, according to Commerce Department figures.

6. Analysts at Citigroup said in a recent report that Chinese steel demand had weakened sharply since March as overproduction had caused a build-up of inventories and downward pressure on prices.

7. While most of the world economies are shrinking, China's economy grew last quarter, along with the economies of Singapore, Hong Kong, South Korea, and Indonesia.

8. China’s economy still only accounts for 8% of global GDP in current dollars; domestic private consumption, though growing fast, remains a small part of national GDP by global standards.

9. As recently as 1990, manufacturing was the largest employer in 36 states in the U.S., according to the Labour Department.

10. Collapsing oil prices and weak manufacturing numbers have placed greater importance on consumer spending and service jobs.

11. Analysts say they believe that gains in production cannot be sustained only by rising exports: American consumers must increase spending.

12. Mining production tumbled 2.9 percent as oil and gas well drilling plummeted 8.5 percent after diving 15.8 percent in February.

13. Weakness in the industrial sector is more evidence of cooling in the economy since the start of the year and raises concerns about the ability for the U.S. to generate sustained stronger growth when the global economy is faltering.

14. Increasing service supplies and improving service qualities will help unleash huge potential in domestic demand, and thus offer firm support for stable economic growth and structural optimization.

15. U.S. manufacturing output unexpectedly declined in March by the most since February 2015, indicating factories remain scarred by global challenges that are slow to dissipate.

16. Britain exited recession last month with the strongest quarterly economic gain in five years, even as experts warn of an uneven path to recovery amid a global slowdown and the ongoing European debt crisis.

17. Since American exports only accounted for 7% of GDP in 1929, falling trade volumes can only explain part of the 29.5% reduction in real GDP it experienced between 1929 and 1933