一、术语：
1.centrally-planned economy 中央计划经济
2.market economy 市场经济
3.disinflationary （anti-inflationary） policies 反通货膨胀政策
4.deflation 通货紧缩
5.short-term dollar interest rates 短期美元利率
6.commodity market 商品市场
7.nominal （dollar） terms 名义（美元）价
8.constant （dollar） terms 不变（美元）价9.business cycle 商业周期
10.weighted average 加权平均数
11.hard currencies 硬通货
12.fiscal adjustment 财政调整
13.portfolio investment 有价证券投资
14.market diversification 市场多元化
15.tight credit policy 紧缩的信贷政策16.exchange-rate devaluation 汇率贬值
17.accommodative monetary policy 融通性货币政策
18.yield curve 收益曲线
19.per capita GDP 人均国内生产总值
20.GATT： General Agreement on Tariffs and Trade 关贸总协定
21.EMS： European Monetary System 欧洲货币体系
22.GDP deflator 消除国内生产总值通货膨胀因素指数（ GDP 平减指数）
23.CMEA （Comecon）： Council for Mutual Economic Assistance 经互会
24.LIBOR： London Inter-Bank Offered Rate 伦敦同业银行优惠利率
22.per capita income 人均收入
23.multilateral trade agreements 多边贸易协定
24.Portfolio investment 证券投资
25.cyclical deceleration in investment spending 生产总值通货膨胀因素指数
26.the population-weighted growth rate 人口加权增长率
二、词语释义：
1.in a row： in succession
2.easing： slowing down； decrease
3.momentum： force of movement
4.underlying： being at the basis of
5.slackening： slowing of speed
6.compound： worsen
7.moderate inflation： ease inflation
8.robust： strong and healthy
9.setbacks： frustrations
10.slump： depression
11.edge down： move slowly down
12.depreciation： devaluation
13.spike： abrupt increase
14.pick-up： recovery
15.rein in： control
16.bottoming-out： reaching the lowest point before rising again （ 止跌回升）
17.stagnat： stop； almost
三、句子翻译：
1.International conditions for growth in developing countries deteriorated in 1991. The Seven major industrial countries （the G-7） experienced a significant slowdown in GDP growth-from 2.8 percent in 1990 to 1.9 percent during 1991 as recession gripped Canada， the United Kingdom， and the United States and growth rates slowed in Continental Europe and Japan. In important respects. The slowdown was different from those that occurred during the 1970s and 1980s. Rather than reflecting the effect of disinflationary policies， weakness in demand was more closely related to the loss of momentum that had built up during the long period of expansion that began in 1983. In addition， a common factor underlying the slowdown in many industrial countries was the cyclical deceleration in investment spending.