Page 245 - IELTS Preparation Grammar and Vocab

Economics and business

Economic nrnblems, business tips

Economic problems

mg Find expressions in the newspaper headlines which match the definitions. The first letters are provided.

WORLDWIDE RECESSION
PENSION FUND mums I ECONOMIC DOWNTURN
--monsmegie
CRASH ON WALL STREET! Inflation soars

Pound weakens against dollar Profits fall
11111WIRAINSI•ar—
—
stocks Slump worsen al
tumbiej
Credit crunch hits home
I
1
money set aside to provide income for people 5 a situation where the value of something suddenly
when they are retired decreases
pension fund
2
become bankrupt 6 increase in prices leading to an increase in the cost
of living
3
period of economic decline (3 different words)

d
$

•

7 the charge, in percent, for borrowing money
4 economic situation where banks stop lending
go down in value (3 different words)
8
• f

• w
ICM Listen to two Americans talking about their family's financial situation. What rising costs
concern each speaker?
Speaker 1
Speaker 2
mg clE Listen again and complete the phrases in italics with words used by the speakers.
Speaker 1 Speaker?
1
the whole economy's in a
5 peoplefinance their college fees through
their mortgage repayments
2 6 college fees are going up at an
rate.
What's
3 7 Some of our friends are already getting
my family the hardest
4 8 with the economy in
keep a
on our spending
anything could happen
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