In this lesson, we’ll look at financial English vocabulary related to stocks and shares, which are one of several types of securities that are listed on exchanges. We’ll explore ideas such as brokers and brokerages, as well as stock indexes, initial public offerings, or IPOs and dividends.
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Get ready to test your Business English vocabulary knowledge for economics.
You can review all the vocabulary featured in this quiz in these lessons:
In today’s Business English News lesson, we look at the situation in Europe as the Eurozone begins to recover. Since emerging from its longest-ever recession last summer, the Eurozone recovery has been muted at best. While recent reports show some positive signs, the region still has a long way to go in addressing some of its imbalances.
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The global financial spotlight is focused squarely on China with its economy and banking system beginning to show signs of weakness. Interest rates hit all-time highs, while the central bank stood by and watched, as Reuters reports.
The People’s Bank of China has engineered a tightening of cash in money markets after seeing interest rates spike to 25 percent or higher for some deals. This was done in order to try to rein in excessive credit growth, especially in the lightly-regulated “shadow banking” sector.
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In this Business English Pod lesson, we continue our look at vocabulary and collocations for discussing the economy.
In the 21st century, the countries of the world are all closely connected. A company based in the U.S. might employ factory workers in Indonesia to make products they sell to Europeans with the help of a Chinese shipping company. In this global economy, we don’t just talk about what happens within the borders of our own country. We talk about all economies, or “the economy” in general. And we talk about it a lot!
If you’re going to do business, you need to talk about economics. And in English, there are many common expressions we use to describe the economy. Today, we’re going to listen to a dialog and learn some of these expressions.
The expressions we’ll practice today are examples of “collocations.” A collocation is a group of two or more words that we usually use together. For example, maybe you have heard the expression “to have an interview.” We can’t say “do” an interview or “make” an interview. The common expression, or combination of words, is “have an interview.” Learning collocations like these is very important, because they will make you sound more natural. When you hear today’s dialog, listen to how the speakers combine words naturally. Then we’ll explain what they mean and practice using them.
In the dialog, we rejoin David and Gordon, two expats in Southeast Asia talking about the economies in the region. Gordon has recently arrived in the area and done a tour of Vietnam, Cambodia, and Burma, while David has worked in the region for several years.
Listening Questions
1. What does David predict for Burma’s GDP?
2. What advantage does Burma have, according to Gordon?
3. How does David think their company should approach Burma?
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