①Over the course of the 2010s, the United States economy grew faster than other rich countries and navigated the decade without suffering a single recession — a first since records began in the 1850s. But the 2020s will be anything but another American decade.
② Globalization is gradually giving way to localization, which makes this a promising time for countries with domestic markets large enough to support significant expansion in local businesses. That’s especially true of countries where the population is still relatively young and fast growing, like Indonesia, the Philippines, Egypt and Mexico.
③ If the 2010s were a golden age for the world’s largest economy and its megacorporations, the 2020s are likely to be remembered as the decade when smaller was beautiful again.
1. big thing重要的东西
2. recession n. （经济）衰退=downturn
economic crisis 经济危机
economic depression 经济萧条
Great Depression 大萧条
subprime crisis 次贷危机
3. anything but 绝不，根本不
YLYK will be anything but an online school merely teaching English.友邻优课绝对不是一家仅仅教英语的线上机构。
4. at the dawn of 在…开端
①n. 开端；黎明
from morning to night = from dawn to dusk从早到晚
the dawn of civilization 文明的开端
the dawn of a new era 新纪元的开端
②v. 突然领悟It suddenly dawns on me… 我突然明白……
5. a rising government deficit政府赤字
government bonds 国债
spreading corporate debts公司债
swollen price 价格上涨、通货膨胀
*swollen UK /ˈswəʊlən/ adj. 膨胀的，大于正常的
6. financial assets 金融资产
7. give way to让步，让路=compromise with
8. That’s especially true of（黄金时期）尤其是对...来说
9. navigate UK /ˈnævɪɡeɪt/ vt. 找到正确的路；导航
词根：navis- 船 navigator n. 领航员
10. complacent UK /kəmˈpleɪsənt/ adj. 骄傲自满的（self-satisfied）
11. megacorporation UK /ˈmeɡəˌkɔːpəˈreɪʃən/ n. 巨型公司
词根：mega- 巨型的megaproject n. 巨型项目
