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  3. Almost every year since the end of the financial crisis has started with rosy expectations among American forecasters, and this

Almost every year since the end of the financial crisis has started with rosy expectations among American forecasters, and this

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问题     Almost every year since the end of the financial crisis has started with rosy expectations among American forecasters, and this one is no different. Stock markets are buoyant, consumer confidence is improving, and economic seers are raising their growth forecasts for 2014. America’s S&P 500 share index is at a record high, after rising 30% in 2013—the biggest annual gain in almost two decades. Powered by America, global growth of close to 4%, on a purchasing-power-parity basis, seems possible. That would be nearly a full percentage point faster than 2013, and the best showing for several years.
    Yet amid the new-year cheer, it is worth remembering that almost every year since the financial crisis upbeat expectations have been disappointed. The biggest danger this time round is the optimism itself.
    All around the rich world, things are looking better. Britain’s recovery is gathering pace. Japan’s economy seems strong enough to cope with the imminent rise in its consumption tax. Even Europe’s prospects are less dismal. But America is driving this recovery.
    America’s growth rests on strong foundations. First, house-hold and corporate balance-sheets are in good shape. Unlike Europeans, who have barely reduced their private debt, Americans have put the hangover from the financial crisis behind them. The revival in house prices is testament to that. Second, thanks to cheap energy, years of wage restraint and a relatively weak dollar, America is competitive. These two factors have combined to produce faster job growth which, along with high er share prices, suggests stronger consumer spending and higher investment ahead. Finally, the fiscal squeeze is abating. In 2013 the federal government took 1.75% of GDP out of the economy with tax rises and spending cuts. The recently agreed budget deal will help cut the fiscal squeeze to 0.5% of GDP this year. All these factors could boost America’s growth to around 3% in 2014, well above its trend rate.
    More spending by American firms and households will, in turn, buoy demand for goods and services from everywhere from China to Germany. America’s appetite for foreign wares is not what it once was, but its economy is so big that faster spending will push up exports around the globe. The resulting support for growth will, in turn, improve domestic confidence from Europe to Japan.
What can be inferred from the first two paragraphs?
选项 A、America’s economy is always promising after each financial crisis.
B、American people are confident in their stock market.
C、Holding too high expectations for American economy is not advisable.
D、America’s economy will suffer another decline in 2014.
答案C
解析 选项A、B、D都是对第一段内容的表述，并有扭曲，第二段首句发生了转折“Yet amid the new-year cheer, it is worth remembering that almost every year since the financial crisis upbeat expectations have been disappointed.”选项C符合转折部分所表达的核心内容。
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