报刊英语试题A卷

文明考风、诚信考试。作弊是对自己无能的一种掩饰，是对自己懒惰的一种伪装，更是对尊严的一种抹杀。

\than 2 percent. That shows the prices of everything else except food and energy are quite stable. The question is: How long can it last?\

A stronger euro had buffered Europeans somewhat from the early rise in oil prices, since crude is priced in dollars, and for a while their economies rolled on. (12)But

\big news is that the euro zone itself may contract in the second quarter,\said Edward Hughes, an economist in Barcelona, Spain.

The crisis has already claimed a casualty in Spain, with the collapse of the big construction company Matinsa-Fadesa under $7.9 billion in debt. (14) The firm suffered the effects of higher interest rates and tighter lending conditions by banks spooked by the U.S. subprime troubles even though not directly affected.

soaring energy costs are starting to bite, and there is growing pessimism about the 学 号 姓 名 班 级 impact here from the economic troubles in the U.S. -- a top export market.

密 Kabir Siyar, who owns a mobile phone and electronics business, said business has slowed at his store on Hauptwache square, one of the busiest shopping areas in Frankfurt, Germany.

封 \ people are asking if they can have it for three euros ($4.75) instead. You never used to 线 see haggling,\ get a better price.\

The dynamics of slowdown vary greatly from country to country, creating a complex 内 scenario that is exacerbating worries about how bad it will get -- and making it harder for the European Central Bank to conduct its one-size-fits-all interest rate policy. Stressing the need to fight inflation, the bank raised rates earlier this month despite 不 fears that might weigh on growth.

Spain, Ireland and Britain suffer from burst housing bubbles like the one in the United States. Germany's export motor, running strongly for several years, is suddenly 要 sputtering. Italy, Europe's perennial underperformer, limps along, burdened by chronic structural problems.

答 Denmark is already in a technical recession -- two consecutive quarters of decreasing economic output. According to many economists, the list of suspects for second-quarter contraction is growing: Spain, Italy and Ireland and possibly France 题 and even Germany.

Gross domestic product in the 15 countries that use the euro currency -- which excludes Britain -- grew 2.2 percent on an annual basis in the first three months, according to Eurostat. (13) But that may be the last bit of good news for a while. 《经贸英语报刊选读》试题 第 9 页 共 12 页 Bad news keeps rolling out of Germany, Europe's biggest economy. Exports fell 3.2 percent in May, the biggest drop in more than three years. (15) The private research firm ZEW says its index of German investor confidence is the lowest since it began in 1991. Growth appears to have slowed dramatically in the second quarter -- to just 0.2 percent, according to the DIW think tank.

Still, many economists believe Germany may escape a big hit, following healthy 1.5 percent first quarter growth.

That may not be enough to improve the picture for Europe overall. Bank of America forecasts stagnation in the euro zone for the rest of the year.

At Barclays Capital, Frankfurt-based economist Thorsten Polleit said, \haven't penciled in a doomsday scenario in terms of economic growth.\

Barclays forecasts a slight 0.1 percent contraction for the euro zone in the second quarter, followed by 0.3 percent growth in each of the third and fourth quarters, Polleit said. For the year, Barclays growth forecast is 1.6 percent in 2008 and 2 percent in 2009.

\While that's the picture in Europe and North America, Polleit said pricing power has shifted to countries that export commodities.

\is always the same story. We are happy with rising prices of goods we already own,\appreciate it if others are getting better off while we are getting less well off.\1. The economic woes touched off by soaring oil prices and the subprime mortgage crisis in the United States are finally engulfing ___ A. Africa B. Asia C. Europe D. A merica

《经贸英语报刊选读》试题 第 10 页 共 12 页

文明考风、诚信考试。作弊是对自己无能的一种掩饰，是对自己懒惰的一种伪装，更是对尊严的一种抹杀。

2. Due to ___, consumers are not spending and polls find confidence levels are

falling in most of Europe’s big economies.

A. high prices B. high interest rate C.low interest rate D. low prices

12 A stronger euro had buffered Europeans somewhat from the early rise in oil prices, since crude is priced in dollars, and for a while their economies rolled on. (12) 13 Gross domestic product in the 15 countries that use the euro currency -- which excludes Britain -- grew 2.2 percent on an annual basis in the first three months, according to Eurostat. (13) 14 The crisis has already claimed a casualty in Spain, with the collapse of the big 3. Unusually, it is ___ that have risen without driving up core inflation. A. food prices B. oil prices C. vegetable prices D. both A and B

4. A stronger ___had buffered Europeans somewhat from the early rise in oil prices. 学 号 姓 名 班 级 A. dollar B. euro C. mark D. pound

密 5. Stressing the need to flight inflation, the bank___ earlier this month despite fears that might weigh on growth.

A. lowered rates B. did not change rates C. raised rates D. went bankrupt 封 6. ___ suffered from burst housing bubbles like the one in the United States. A. Spain, Britain and Denmark B. Ireland, Britain and Spain 线 C. German. Britain and Italy D. Denmark, Italy and Spain 7. Italy was burdened by chronic ___problems.

A. political B. technical C. historical D. structural

内 8. gross domestic product in the 15 countries that use the euro currency, which excludes ___ grew 2.2 percent on an annual basis in the first three months. A. Britain B. Germany C. Denmark D. Italy

不 9. The collapse of the big construction company Matinsa-Fadesa in Spain was due to the effects of ___ by banks.

A. higher interest rate B. severe political policies 要 C. lower interest rates D. looser landing conditions

10. the private research firm ZEW says its index of German investor confidence is ___ 答 since it began in 1991.

A. the highest B. the lowest C. the same D. smattered

11. Unusually, it is food and oil prices that have risen without driving up core inflation. 题 But many worry it is just a matter of time before prices for other goods begin rising as well. (11)

《经贸英语报刊选读》试题 第 11 页 共 12 页 construction company Matinsa-Fadesa under $7.9 billion in debt. (14) 15 Bad news keeps rolling out of Germany, Europe's biggest economy. Exports fell 3.2 percent in May, the biggest drop in more than three years. (15) 《经贸英语报刊选读》试题 第 12 页 共 12 页