Passage 1
The World Economy
Canada's new Liberal government "has to start rebuilding the economy, "Dornbusch writes. "Public finance is rotten; industry is dull. But... there is an understanding of what has to happen."
Inflation is lower in Canada than in the US, allowing the Bank of Canada to lower interest rates over the next year without much risk of a rout for the Canadian dollar on foreign exchange markets The Japanese economy remains in trouble, with output falling two quarters in a row for the first time in decades. An appreciation of more than 15 per cent in real terms in the yen over the past two years has hurt Japanese competitiveness Dornbusch notes. The fiscal package to stimulate the econ- omy, to be implemented next April, "will help some but not much"
At best, Dombusch predicts, the Japanese economy will grow a real per cent next year. Japan which business is singularly ill-equipped to handle The entire belief system of decades-superiority of the Japanese culture and business system, sustained growth, social cohe- ent, accommodating finance, the US can be managed-are all up for grabs. Bad news!
Outside Japan, Asia booms. China tried to slow down its economy, but apparently abandoned that effort at a Communist Party meeting last month. Growth in national output is expected to run at an astonishing 13 per cent this year.
South Korea has its woes, and so do a few other economies, Dornbusch notes. But"there are no major obstacles to continued growth in Asia: savings rates are high access to external capital is plentiful, and the world trading system is staying open. Asia cannot fail to do well."
The present economic situation in Canada presents nothing to be optimistic about.
A、正确
B、错误
【正确答案】：B
【名师解析】:根据文章内容，加拿大经济需要重建，公共财政状况不佳，工业发展缓慢，但存在对经济复苏的认识。加拿大的通货膨胀率低于美国，这为加拿大银行降低利率提供了空间，而不会在外汇市场上对加元造成太大风险。日本经济面临困境，日元的实际升值超过15%，损害了日本的竞争力，尽管有财政刺激计划，但预计对经济的提振作用有限。日本经济的增长预计只有1%。此外，文章提到了亚洲经济的繁荣，尤其是中国的经济增长预计达到惊人的13%，尽管中国曾试图放缓经济增长。韩国和其他一些经济体也面临问题，但亚洲整体的储蓄率高，外部资本充足，世界贸易体系保持开放，亚洲经济有望继续增长。
题目中的说法是"The present economic situation in Canada presents nothing to be optimistic about."（加拿大目前的经济形势没有任何值得乐观的地方）。然而，文章中提到加拿大有降低利率的空间，且存在对经济复苏的认识，这表明加拿大经济并非完全没有乐观因素。因此，题目的说法是错误的，正确答案应该是选项B.错误。
