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Reduzindo as previsões e sentindo o aperto

Outubro 10, 2023

O episódio de hoje aborda o comércio, tendências, e previsões. Junte-se a mim e aprenda 3 novas palavras, e uma expressão útil.

Hello all you happy economists out there. Este é Alan Robert, back with episode 81 de inglês para economistas. Here is today’s headline.

WTO slashes world trade forecast as manufacturing slowdown bites

Ouça novamente. Try to understand what the WTO expects for world trade, and why.

“WTO slashes world trade forecast as manufacturing slowdown bites”

It’s a great headline for us to work with, because there are not one, not two, but three valuable lessons you can learn.

Primeiras coisas primeiro, in case you don’t know, the WTO is the World Trade Organization, the organization which aims to facilitate and regulate international trade.

Então, what does the WTO expect for world trade? Do they think it will grow or reduce? The headline says the “WTO slashes world trade forecast”. To slash! Wow… that is a strong verb. It means to cut, but to really cut. You say the word ‘slash’ and I immediately think of someone swinging a long sharp sword. Maybe a soldier from the middle ages.  Slash! You can slash forecasts, budgets, prices, all kinds of things. Great verb!

Então, why is the WTO slashing its forecast? Nós iremos, the headline says it’s because ‘manufacturing slowdown bites’. Bites! That’s another strong word. Bite, like with your mouth and your teeth, like when you chew. So the manufacturing slowdown bites; the manufacturing slowdown is being felt. It is biting into into the world trade forecast.

Então, it looks like it’s going to be a tough year for world trade, which is unfortunate news for many countries. How about where you live? Will importers and exporters where you live ‘feel the pinch’ if global trade drops? If they ‘feel the pinch’, it means that they experience financial or economic hardship or strain.

Speaking about ‘feeling the pinch’, how is your English coming along? Do you feel the pinch because you can’t move ahead as quickly in your career as you’d like to because your English isn’t good enough.  Nós iremos, I have some good news if you want to do something about it. We are just finishing up a 12 chapter video course absolutely full of useful vocabulary and pronunciation tips. These videos can really help you out, and they let you study on your own time, and on your own terms. If you’d like information about this upcoming course and learn how to get a break on the price – once again, so you don’t feel the pinch – just go to Englishforeconomists.com and write me a message.

Então, getting back to our story, The WTO now expects world trade volumes to grow by just 0.8% this year, down from a forecast of 1.7% in April. Growth is expected to pick up to 3.3% em 2024.

The WTO says a slump in goods trade that began in the fourth quarter of 2022 is continuing, and hopes of a pick-up in demand have been crushed. Como resultado, trade is expected to grow more slowly than GDP this year but faster next year.

“WTO slashes world trade forecast as manufacturing slowdown bites”

Before finishing, here is the key vocabulary one last time.

WTO: World Trade Organization

To slash: To cut deeply. To reduce.

To bite: It means the negative impact is being felt.

Feel the pinch: That’s an idiom that means to experience financial or economic hardship or strain.

Sign up to our podcast club and get free access to all our podcasts and get special offers on courses and materials. When you sign up, remember you have to reply to the email to confirm your subscription. If you don’t do that, you won’t get the updates. I’m looking at the stats and I see that roughly half the subscribers haven’t confirmed. It that’s you, check your mailbox and do what needs to be done.

Keep learning! I’ll be back soon with another English lesson for economists.

https://www.theguardian.com/business/live/2023/oct/05/uk-cloud-computing-face-cometition-investigation-amazon-microsoft-bond-market-construction-business-live?page=with%3Ablock-651e58ec8f0880e74add5a2c

 

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