voa normal english

voa normal english

r industrialized economies are expected to see the biggest decreases, shrinking by almost four percent. The I.M.F. predicts developing economies will continue to grow for the year, but only by about one and one-half percent. The I.M.F. says the world will slowly return to growth of almost two percent next year. But the lending organization warns that strong policies to supervise and support the financial system are needed if the world economy is to fully recovery. Olivier Blanchard is the chief economist for the I.M.F. He has said that banks are still in the process of rebuilding their financial positions. He added that securities markets are still operating poorly. Economic experts believe the world financial industry is moving towards recovery but with more losses to come. In all, the I.M.F. says worldwide financial losses could be as high as four trillion dollars by the end of next year. World trade is expected to drop eleven percent this year, after expanding by three percent last year. The I.M.F. report says international lending may not fully recover until two thousand eleven. The financial crisis has made the I.M.F. more important than ever. The world's largest economies promised to increase the size of the fund by about five hundred billion dollars. They did so at the G-Twenty meeting in London earlier this month. This week, President Obama proposed that the United States lend the I.M.F. one hundred billion dollars as part of that promise. Last week, Mexico became the first nation to borrow from the I.M.F. under a new program to provide emergency credit to nations with strong economies. Mexico received a forty-seven billion dollar line of credit for one year. Poland and Colombia are also seeking loans from the program. And that's the VOA Special English Economics Report, written by Mario Ritter. You can find more financial news, plus transcripts and archives of our programs at voaspecialenglish.com. I'm Steve Ember.

Apr.30th 2009 Members of the U.S. Congress - particularly those representing states along the border with Mexico and Canada - are calling on the Obama administration to do more to prevent travelers infected with swine flu from entering the United States. They made their appeals to Homeland Security Secretary Janet Napolitano during a Senate hearing looking at the federal response to the swine flu outbreak. A number of lawmakers have suggested closing U.S. borders as a way to stop swine flu-infected travelers from entering the country. Their concern was heightened by news that the first death from the virus in the United States was a 23-month-old boy from Mexico who died in Texas. Testifying before the Homeland Security and Governmental Affairs Committee Wednesday, Homeland Security Secretary Napolitano said closing U.S. borders would cause immense trade and economic disruption and would be ineffective in controlling the spread of the disease. "Making such a closure now has not been merited by the facts," she said. "It would

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