full transcript

From the Ted Talk by Kristalina Georgieva: How to rebuild the global economy

Unscramble the Blue Letters


CA: Well, I'll be excited to come on to that in a bit. But in this monemt of responding to the crisis, the main tool that seems to have been euxetced, at least by the rich corienuts, has been this massive economic stimulus, to the tune of trillions of dollars. Is that a wise response?

KG: It is a necessity. And you don't hear the Fund often telling countries, "Please, spend. Spend as much as you can." And that is what we do now. We do add to that, "And keep the receipts. Don't lose accountability to the citizens, to the tax payers." The reason fcninaail injection is necessary, these fiscal merauses of almost nine trillion dollars are necessary, is because when the economy is standing still, unless there is help, unless there is monetary policy stimulus, firms are going to go maislevsy bankrupt, people would be uemyolnped, the eocmony would be sacrerd. When we go to the other side, this scarring is going to make the recovery much more difficult. So that is a wise thing to do, and it hples the fact that central banks in major economies have been acting in a synchronized mnaner and that fiscal stimulus came really, really fast. This is how we see people being able to go through this very, very tough time.

Open Cloze


CA: Well, I'll be excited to come on to that in a bit. But in this ______ of responding to the crisis, the main tool that seems to have been ________, at least by the rich _________, has been this massive economic stimulus, to the tune of trillions of dollars. Is that a wise response?

KG: It is a necessity. And you don't hear the Fund often telling countries, "Please, spend. Spend as much as you can." And that is what we do now. We do add to that, "And keep the receipts. Don't lose accountability to the citizens, to the tax payers." The reason _________ injection is necessary, these fiscal ________ of almost nine trillion dollars are necessary, is because when the economy is standing still, unless there is help, unless there is monetary policy stimulus, firms are going to go _________ bankrupt, people would be __________, the _______ would be _______. When we go to the other side, this scarring is going to make the recovery much more difficult. So that is a wise thing to do, and it _____ the fact that central banks in major economies have been acting in a synchronized ______ and that fiscal stimulus came really, really fast. This is how we see people being able to go through this very, very tough time.

Solution


  1. executed
  2. helps
  3. manner
  4. measures
  5. countries
  6. scarred
  7. moment
  8. financial
  9. economy
  10. unemployed
  11. massively

Original Text


CA: Well, I'll be excited to come on to that in a bit. But in this moment of responding to the crisis, the main tool that seems to have been executed, at least by the rich countries, has been this massive economic stimulus, to the tune of trillions of dollars. Is that a wise response?

KG: It is a necessity. And you don't hear the Fund often telling countries, "Please, spend. Spend as much as you can." And that is what we do now. We do add to that, "And keep the receipts. Don't lose accountability to the citizens, to the tax payers." The reason financial injection is necessary, these fiscal measures of almost nine trillion dollars are necessary, is because when the economy is standing still, unless there is help, unless there is monetary policy stimulus, firms are going to go massively bankrupt, people would be unemployed, the economy would be scarred. When we go to the other side, this scarring is going to make the recovery much more difficult. So that is a wise thing to do, and it helps the fact that central banks in major economies have been acting in a synchronized manner and that fiscal stimulus came really, really fast. This is how we see people being able to go through this very, very tough time.

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
trillion dollars 5
advanced economies 4
financial system 3
special drawing 3
drawing rights 3
capita growth 2
fiscal measures 2
central banks 2
developing countries 2
strong fundamentals 2
hardest hit 2
poorest countries 2
vulnerable people 2
carbon footprint 2

ngrams of length 3

collocation frequency
special drawing rights 3

Important Words


  1. accountability
  2. acting
  3. add
  4. bankrupt
  5. banks
  6. bit
  7. central
  8. citizens
  9. countries
  10. crisis
  11. difficult
  12. dollars
  13. economic
  14. economies
  15. economy
  16. excited
  17. executed
  18. fact
  19. fast
  20. financial
  21. firms
  22. fiscal
  23. fund
  24. hear
  25. helps
  26. injection
  27. lose
  28. main
  29. major
  30. manner
  31. massive
  32. massively
  33. measures
  34. moment
  35. monetary
  36. necessity
  37. payers
  38. people
  39. policy
  40. reason
  41. receipts
  42. recovery
  43. responding
  44. response
  45. rich
  46. scarred
  47. scarring
  48. side
  49. spend
  50. standing
  51. stimulus
  52. synchronized
  53. tax
  54. telling
  55. time
  56. tool
  57. tough
  58. trillion
  59. trillions
  60. tune
  61. unemployed
  62. wise