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Dashed hopes: the euro zone’s economy
- dashed （表示强调或不耐烦）该死的
- At the start of the year euro-zone watchers were feeling bullish.
- bullish 对未来有信心的；积极乐观的
- Growth towards the end of 2017 had been surprisingly punchy; the crisis years were receding nicely.
- punchy 简洁有力的；言简意赅的；简练的
- recede v. 减退；退缩；后退；(价值,品质等)跌落
- But 2018 has disappointed; the IMF has already nudged down its
expectations.
- nudge down 下降
- Industrial-production figures for August, out today, confirm a deceleration over the year.
- deceleration 减速度；减速期；减速率
- The deceleration is partly because demand for exports has slowed. Even Germany has taken a knock.
- take a knock 遇到麻烦 ， 被监禁
- So too has the bloc’s second-largest manufacturer, Italy.
- bloc （政治利益一致的）国家集团
- There, trade is not the only story.
- not the only 不单；不止
- Investors have been uneasy since its populist coalition entered office in June.
- populist coalition 人民联盟
- Jitters ramped up this month after it revealed a budget more generous than euro-zone rules allow.
- ramp up 渐变加载
- Mario Draghi, the head of the European Central Bank, reckons that higher government borrowing costs are already translating into higher lending rates for companies and households.
- borrowing costs 借款成本；借贷成本；贷款费用
- lending rates 借贷利率，贷款利率
- Even if Italy dodges full-blown crisis, the year will end less cheerily than it started.
- dodge 摆脱，躲避
- full-blown 具所有特征的；成熟的
- crisis 危机；危急关头；危难时刻
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