In this Business English News lesson, we take a look at the prospects for 2013.
As the world rang in 2013, many analysts and commentators feel that it’s time to pull out the crystal ball and try to determine what’s in store in the coming 12 months. As the OECD Secretary-General Angel Gurria explains, there’s still a lot of work to do.
The world economy is far from being out of the woods. The US ”˜debt ceiling debate’, if it materializes, could tip an already weak economy into recession, while failure to solve the euro area crisis could lead to a major financial shock and global downturn. Governments must act decisively, using all the tools at their disposal to turn confidence around and boost growth and jobs.