Turkish dismay: the swooning lira

Turkish dismay: the swooning lira

• dismay 惊愕；诧异；灰心；丧气
• swoon v. 渐渐微弱,渐渐消失
• lira 里拉（马耳他、叙利亚、土耳其和意大利货币单位，在意大利于 2002 年为欧元所取代）

1. An emergency three-percentage-point interest-rate hike and an attempt to simplify the central bank’s byzantine system of rates helped the Turkish lira bounce back from a series of record lows against the dollar in late May.

• interest-rate 利率的
• hike （价格、花费等的）大幅度提高，猛增
• bounce back 反弹；卷土重来；迅速恢复活力

2. But the currency, which has shed 18% of its value in 2018, remains on the ropes.

• currency 通货；货币
• on the ropes 岌岌可危；即将完蛋；摇摇欲坠

3. Unless the bank increases the benchmark rate once again later today, the lira might see another rout.

• benchmark rate 基准利率
• rout v. 彻底击败；使溃败 n. 溃败

4. The overall outlook is not pretty. Inflation has remained in double digits for ten months, reaching 12.2% in May.

• Inflation 通货膨涨

5. Moody’s, a rating agency, recently placed Turkey on review for a downgrade, citing eroding investor confidence, and slashed its GDP-growth forecast to 2.5%.

• rating agency 评级机构；信用评级机构
• downgrade 下调评级
• erode 腐蚀
• slash 减少
• forecast 预测；预报

6. Some continue to hope President Recep Tayyip Erdogan will rein in spending and implement the structural reforms his government has long promised, assuming he wins a key election on June 24th.

7. Experience suggests he will do no such thing.

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感受：经营国家和经营企业一样，都有可能走向倒闭啊~

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