Global economy slows down: BBC News Review

130,619 views ・ 2023-01-18

BBC Learning English


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Is the global economy slowing down? The World Bank
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thinks we're heading for recession.
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This is News Review from BBC Learning English.
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I'm Neil. And I'm Beth.
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Make sure you watch to the end to learn vocabulary to talk about this story.
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And don't forget to subscribe to our channel, like this video
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and try the quiz on our website.
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Now, the story.
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As prices continue to rise,
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the global economy is getting closer to a recession.
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That's according to a prediction by the World Bank.
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This year, the economy is expected to rise by the smallest percentage
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since 1991. Reasons for slow growth
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include Russia's invasion of Ukraine and the impact of the pandemic.
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You've been looking at the headlines,
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Beth, what's the vocabulary?
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We have 'overcoming', 'doom and gloom' and 'turbulent'.
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This is News Review from BBC Learning English.
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Let's take a look at our first headline.
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This is from the Daily Star in Bangladesh.
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Overcoming looming economic challenges
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in 2023.
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OK. Let's start with a definition of 'recession',
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because that's what this story is about. 'A recession' is a period
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of two or more quarters –
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that's three-month periods – when the economy shrinks.
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Now, in this headline, it's saying that hard economic times are coming.
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But the word
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we're looking at is 'overcoming' and it's made up of two parts, 'over' and 'coming'.
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I know both of those parts,
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but when we put them together,
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what's the sense?
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Well, 'overcome' means you successfully deal with a problem, and a problem
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that is quite difficult to cope with. So, in this case, 'economic challenges'.
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OK. So, 'overcoming' is similar to 'defeat' or 'control'.
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Yeah, that's right. So, if you are very shy,
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you might overcome your shyness – you gain control of it
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and become more confident.
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Yeah, or you might be playing sport,
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let's say football,
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and if you 'overcome' the opposition,
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it means you beat them. But it's not just beating. With 'overcome',
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there is a sense of real struggle –
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it wasn't easy to win.
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Yeah, that's right. And we also use this in the passive,
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but it has a slightly different meaning, doesn't it?
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Yes. If you are overcome by emotion,
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it means you have a very strong reaction – you feel it very strongly.
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You might have a physical reaction.
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You might shake with fear or cry.
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Yeah. And it's not only used with negative emotions,
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it's used with positive ones as well,
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like joy or excitement.
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OK, let's look at that again.
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Let's take a look at our next headline.
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This is from Business Live.
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It's far from being all doom
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and gloom on the economy.
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So, the headline is saying that, actually,
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it's not as bad as you think. It's not all doom and gloom.
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Now, 'doom and gloom' is the expression we're looking at.
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I like this expression –
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it's got two words and they both rhyme.
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But, what do they mean?
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Well, it's a general bad feeling
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really. So, 'doom' actually means
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death and destruction. 'gloom' is to do with darkness –
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imagine a miserable, grey, rainy day
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so it's really quite a negative thing. But in this headline it's saying
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that the opposite is true. It's saying that
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it's not all 'doom and gloom'.
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Yes. And we use the expression in this way
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quite often to say that something, isn't as bad as you think. So,
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for example – at the moment, Beth,
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I'm actually not feeling very well.
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It's freezing cold outside, my train was late again...
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But the sun is shining, so it's not all doom and gloom.
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Now, a word about this expression –
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we don't say 'I'm doom and gloom'.
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We use it to comment on how bad
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a situation is.
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That's right. So we can list
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a number of things that are bad or wrong
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and then comment on that by saying 'it's all doom and gloom' or 'it's a bit,
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it's a bit doom and gloom, isn't it?'
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Let's have a look at that again.
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Time for our next headline.
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This is from the New Straits Times. Global recession imminent
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after turbulent 2022.
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OK, so a recession is 'imminent' –
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it means it's just about to start. The word
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we're looking at, though, is 'turbulent'.
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Now, this word, Beth,
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reminds me of a situation
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you can experience on a plane.
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Yeah. You're probably thinking about 'turbulence' – that's a noun.
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So, if you're on a plane and the pilot says'
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'put your seatbelt on', the plane is going to get a bit unsteady,
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things might start falling down.
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This is 'turbulence'. Yes, that is 'turbulence' –
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I really don't like turbulence.
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The word we're looking at though, is 'turbulent', which is the adjective.
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Tell us more. So 'turbulent' describes
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something that isn't calm,
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it might be unstable.
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Now, we often use this in relation to the state
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or maybe the history of a country or a place.
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So, if we are describing that country as 'turbulent',
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they might have experienced some conflict, maybe some violence.
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And so the headline describes 2022 as 'turbulent'.
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Last year was very turbulent – we had the Russian invasion of Ukraine.
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We had various environmental disasters.
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We had famine.
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We had lots of protests around the world.
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Yeah, you're right. There were lots of issues
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that made it an unstable or a turbulent year.
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Let's look at that again.
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We've had 'overcoming' – dealing
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with a difficult problem. 'doom and gloom' –
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we use this to describe a generally bad situation.
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And 'turbulent' – not calm; unstable.
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Don't forget, there's a quiz on our website
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at BBCLearningEnglish.com.
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Thank you for joining us
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and goodbye. Bye.
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