English for Economists | Economic News and English Expressions
By Alan Robert
English for Economists | Economic News and English ExpressionsOct 24, 2022
Shrinkflation, Skimpflation and the 'Sheconomy'
Learn words to discuss the impact of inflation on the consumer of household products, and hear about the rising influence of female business owners.
A 'Blowout' Financial Quarter
Learn the meaning of the words:
Learn the words: blowout, ride-hailing, gig workers, and algorithms,
White and Black Swan Events
A swan is a beautiful bird that swims in the water. White swans are very common, but you don’t believe a black swan exists until you see one for yourself. The term Black Swan was popularized by Nassim Nicholas Taleb, a renowned professor, economist, and writer. Taleb initially introduced this concept to describe highly improbable events with massive implications in financial markets and later broadened its application to encompass historical, scientific, and other significant occurrences. Nobody sees the coming, and when they do, people say ‘oh, why didn’t we see this coming?’
'Steel Yourself' for a Potential Trade War
Welcome to the podcast page for 'English for Economists,' the essential listening experience for professionals advancing their English skills with an economic twist. In our latest episode, #87, host Alan Robert explores the looming threat of a new trade war between China and other global powers. Drawing insights from a recent article in The Economist, Alan discusses China's strategic investments in future economic 'pillars' like lithium-ion batteries, electric cars, and solar panels, and how these moves might ignite global trade tensions. Don't miss out on our unique blend of economic discussion and language education, and remember to check our website for upcoming private classes and the new 'Economists in Action' video course."
The meaning of 'Dollar Bears' 'Bond Bulls' and 'Steady Stocks'
In this vocabulary lesson for economists, we'll look at the meaning of the expressions 'dollar bears', 'bond bulls' and 'steady stocks' and the idiom 'getting back on track'. Find show notes here:
https://englishforeconomists.com/bull-bear-and-steady-markets/
Buy Now, Pay Later (BNPL)
Today's lesson introduces you to the name "Buy Now, Pay Later", and teaches you the idiom "Don't bite off more than you can chew".
https://www.Englishforeconomists.com/podcasts/buy-now-pay-later-bnpl-podcast-english-lesson-for-economists
What Is a 'Windfall'?
n Episode 84, join us on English for Economists as we delve into an intriguing headline from The Guardian, exploring the concept of a financial windfall
The Meaning of Economic Swagger
What is 'economic swagger' and why does India have it right now?
Join Alan Robert for this English lesson that will teach you the expression 'economic swagger' and the idiom '
To take the bull by the horns'.
U-Turns in Policy
Dive deep into the language of economic reversals and policy shifts with Alan Robert. From the term 'U-turn' to the intriguing idiom 'changing horses in midstream,' learn how to articulate sudden changes in the world of economics. Also, get a sneak peek at our upcoming course, 'Economists in Action'.
Slashing Forecasts and Feeling the Pinch
Today’s episode touches on trade, trends, and forecasts. Join me and learn 3 new words, and one useful expression.
Visit EnglishforEconomists.com for show notes and course updates.
Hello all you happy economists out there. This is Alan Robert, back with episode 81 of English for Economists.
Listen to this headline closely, then I’ll discuss it.
“WTO slashes world trade forecast as manufacturing slowdown bites”
Listen again. Try to understand what the WTO expects for world trade, and why.
“WTO slashes world trade forecast as manufacturing slowdown bites”
It’s a great headline for us to work with, because there are not one, not two, but three valuable lessons you can learn.
First things first, in case you don’t know, the WTO is the World Trade Organization, the organization which aims to facilitate and regulate international trade.
So, what does the WTO expect for world trade? Do they think it will grow or reduce? The headline says the “WTO slashes world trade forecast”. To slash! Wow… that is a strong verb. It means to cut, but to really cut. You say the word ‘slash’ and I immediately think of someone swinging a long sharp sword. Maybe a soldier from the middle ages. Slash! You can slash forecasts, budgets, prices, all kinds of things. Great verb!
So, why is the WTO slashing its forecast? Well, the headline says it's because ‘manufacturing slowdown bites’. Bites! That’s another strong word. Bite, like with your mouth and your teeth, like when you chew. So the manufacturing slowdown bites; the manufacturing slowdown is being felt. It is biting into into the world trade forecast.
So, it looks like it’s going to be a tough year for world trade, which is unfortunate news for many countries. How about where you live? Will importers and exporters where you live ‘feel the pinch’ if global trade drops? If they ‘feel the pinch’, it means that they experience financial or economic hardship or strain.
So, getting back to our story, The WTO now expects world trade volumes to grow by just 0.8% this year, down from a forecast of 1.7% in April. Growth is expected to pick up to 3.3% in 2024.
The WTO says a slump in goods trade that began in the fourth quarter of 2022 is continuing, and hopes of a pick-up in demand have been crushed. As a result, trade is expected to grow more slowly than GDP this year but faster next year.
“WTO slashes world trade forecast as manufacturing slowdown bites”
Before finishing, here is the key vocabulary one last time.
WTO: World Trade Organization
To slash: To cut deeply. To reduce.
To bite: It means the negative impact is being felt.
Feel the pinch: That’s an idiom that means to experience financial or economic hardship or strain.
https://www.theguardian.com/business/live/2023/oct/05/uk-cloud-computing-face-cometition-investigation-amazon-microsoft-bond-market-construction-business-live?page=with%3Ablock-651e58ec8f0880e74add5a2c
Image thanks to: https://www.kingandcountry.com/slashing-sword-p-8115.html
The Challenge of Banknote Design
Welcome to English for Economists, your essential resource where economics meets English. Designed especially for adults passionate about both fields, we bring you intriguing topics from the global economic landscape, all while enhancing your English vocabulary. I'm your host, Alan Robert.
In our 80th episode, we dive deep into the world of money – more specifically, the very paper that represents it. Europe is currently faced with a unique challenge: redesigning its banknotes. But this task isn't as simple as it sounds. Banknotes aren't just paper; they carry a nation's identity, values, and history. And when it's the European Central Bank at the helm, the story becomes even more captivating.
Join me as I unravel this tale based on a fascinating article from the Economist Magazine, "Which country’s genius deserves the €200 note? Europe prepares for a fight." You can find a link to this article and many more resources on our website, EnglishforEconomists.com. While you're there, make sure to sign up for lesson alerts to stay updated on our latest offerings, tailored for anyone eager to master economics in English.
Whether you're an economist, a student, or just someone intrigued by the dynamics of the global economy, there's something here for you. Dive in, expand your vocabulary, and get a fresh perspective on the world of economics with English for Economists.
Foto de Robert Anasch en Unsplash
The Economic Impact of Henrietta Lacks: Who Profits from Our Cells?
Welcome to 'English for Economists.' In this episode, we'll unravel the intriguing story of Henrietta Lacks. Not only will we delve into the economic implications surrounding her cells, but we'll also introduce key economic vocabulary for our intermediate learners. A tale of ethics and economics awaits!"
Recession or a soft landing? You decide.
"Welcome to episode 78 of English for Economists with Alan Robert. Today, we delve into a provocative opinion piece by Peter Coy published in the New York Times, titled "A look at history shows that the burden of proof is on the optimists". We dissect this complex debate about the looming U.S recession, and along the way, unlock the meanings behind key economic terms. Whether you're an economist looking to refine your English or an English learner interested in economics, this episode offers rich insights. Don't miss out!"
Image credit:
Ali HajianDownload FREE, BEAUTIFUL, HIGH-QUALITY Photos curated by ALI HAJIAN / WORK : alisvisuals@gmail.com
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Article Source: https://www.nytimes.com/2023/07/24/opinion/recession-economy-yield-curve.html
Copper Prices
In Podcast #77, host Alan Robert dissects an Economist article titled 'Copper is unexpectedly getting cheaper'. Discover why copper prices are dropping and enhance your English vocabulary by examining seven key verbs from the article. Get ready to dive into the language of economics!
Photo credit: Andrew Kliatskyi in Unsplash
What are 'carbon-linked' bonds?
Episode 76 of English for Economists explores Carbon-linked bonds and how they can address the flaws in carbon pricing. Ideal for ESL learners interested in economics. See show notes here: https://englishforeconomists.com/what-are-carbon-linked-bonds
News Regarding Ireland's Fishing Industry
Join us in Episode 74 of English for Economists as we unravel the effects of Brexit on Ireland's fishing industry. Learn key economic terms and an inspiring idiom about resilience.
Photo credit: By Kenneth Allen, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=13024934
Article source: https://www.nytimes.com/2023/05/31/world/europe/ireland-fishing-quotas-decommissioning.html
See lesson notes at Englishforeconomists.com
Yellen’s Debt Limit Warnings, and the Idiom 'A Stitch in Time Saves Nine'
Podcast #74 dives into Janet Yellen's ignored debt limit warnings and their potential fallout. Learn key economic terms such as "warnings went unheeded," "fallout," "spending cap," and "contingency plan." Plus, we break down a timely idiom, "A stitch in time saves nine," in the context of this economic event.
The Debt Ceiling Crisis
Explore the headline "Investors brace for a painful crash into America's debt-ceiling" published in The Economist magazine on May 10, 2023. Learn the words "brace," "debt-ceiling", and "default".
Learn the idioms "Getting in Your Face" and "Breathing Down Your Neck", used in the context of the delicate relationship between South Korea and the superpowers China and United States.
In Episode 72 of "English for Economists," we explore idiomatic expressions in a recent Economist article about South Korea's delicate position between the United States and China. Learn the meanings behind the idioms "in its face" and "breathing down its neck," as well as the related expression "at odds with." This episode is perfect for anyone looking to expand their knowledge of English idiomatic expressions, especially those with an interest in economics and international relations. Don't miss out on this engaging lesson—subscribe and share with your friends to support the podcast!
Wonking Out: Discussing the Future of the US Dollar
In this episode of "English for Economists," we explore the future of the US dollar's dominance with Nobel Laureate Paul Krugman's article "Wonking Out: Is the Dollar's Dominance Under Threat?" Learn about the meaning of "wonking," an idiomatic expression, and more. Paul Krugman is a Nobel Laureate in Economics. He was awarded the Nobel Memorial Prize in Economic Sciences in 2008 for his work in international trade and economic geography.
See show notes at EnglishForEconomists.com
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https://www.nytimes.com/2023/02/03/opinion/us-dollar-reserve-currency.html
Image Credit: Unsplash Subham Dhage
Tinkering with ChatGPT – How AI is Impacting the Writing Industry
Join Alan Robert on this episode of "English for Economists" as he dives into the world of AI technology and its impact on the writing industry. Discover the meaning behind the phrase, "The writing is on the wall," and learn about the new work specialty of "prompt engineering."
Find show notes at englishforeconomists.com
Twitter-Fueled Bank Run
In our latest "English for Economists" episode, we dive into the fascinating story of the first Twitter-fueled bank run that led to the collapse of Silicon Valley Bank. Understand the role of social media in this unprecedented event and learn essential English vocabulary and idioms. Find all the show notes at englishforeconomists.com. Tune in now!
Riding the Investment Roller Coaster
In this English lesson, you will learn how to use the expressions 'Boom,' 'Bust,' 'Capex,' and the idiomatic expression 'Riding a Roller Coaster.'
Find show notes at https://englishforeconomists.com/riding-the-investment-roller-coaster/
Understanding 'Premiumization'
In this episode, we will be discussing an article recently published in The New York Times titled "Is the Entire Economy Gentrifying?"
For show notes, visit Englishforeconomists.com
China's Population Drop
In this episode, you will hear how to use these useful words and phrases:
• Shrinking population - a decrease in the total number of people living in a given area over time.
• Working-age population - the number of people who are of working age in a population.
• Yields diminishing returns - the returns from investments are not as great as they were before.
• Bloated real estate sector - an oversupply of housing.
• Economic superpower - a country that has significant economic power, both in terms of production and consumption.
Photo credit: Galen Crout at Unsplash. Follow on Twitter: twitter.com/galencrout/
The Battle Over Retirement Age in France
In this English lesson, we will examine the topic of the proposed changes to the retirement age in France.
Our key words and phrases are:
· Brace for protests
· Statutory retirement age
· Aging population
· Social security benefits
· And the idiom "ripe old age".
Visit the webpage EnglishforEconomists.com for class notes.
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Photo credit: CC BY-SA 4.0
File:Sens-FR-89-manif 19 01 23-réforme retraites-16.jpg
Created: 19 January 2023
Headline: https://www.politico.eu/article/france-emmanuel-macron-braced-for-protests-pushes-forward-with-pension-reform/
'Hedging Your Bets' by using 'Nearshoring'
Today, we'll be discussing the trend of companies transferring their operations to nearby countries, because of geopolitical reasons, or because of recent disruptions in the global supply chain, like the shipping container crisis, and problems posed by Covid. For example, companies are relocating to Mexico in order to be closer to the U.S. market.
englishforeconomists.com/podcasts
Podcast notes: https://englishforeconomists.com/hedging-bets-with-nearshoring/
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https://www.naturalgasintel.com/mexican-nearshoring-opportunities-seen-spurring-energy-needs/
Photo credit: Carlos Aranda in Unsplash
CBDC, Stablecoins, DeFi and Web3
Our topic deals with the vocabulary of digital currencies, and more specifically, Central Bank Digital Currencies and stablecoins. I will present definitions for important words for people learning English for economics and finance.
ChatGPT and AI
This lesson deals with language surrounding new chatbot technology that applies artificial intelligence (AI) to solve problems, providing detailed, well-written answers.. that may or may not be factual. Chatbots like this one can be an important tool if you want to learn English.
See lesson notes at englishforeconomists.com
What Is the 'Gig' Economy?
learn vocabulary related to the so-called ‘gig economy’ that is currently growing with leaps and bounds, words like gig, task, self-employed, and freelancer, among a few more. I’ll also go over the pronunciation of some words related to the economy that are often mispronounced in English so you can make sure you are saying them right.
Find show notes here: https://englishforeconomists.com/the-gig-economy/
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Photo credit: Gig worker. (2022, December 8). In Wikipedia. https://en.wikipedia.org/wiki/Gig_worker
What is a 'FinTwit Scheme'?
See lesson notes at www.englishforeconomists.com/what-on-earth-is-a-fintech-schemer/
Some Central Banks Are Stockpiling Gold | English Lesson
This lesson looks at some words related to gold and gold reserves. Also, come practice how to pronounce some especially tricky words.
'Breakthrough' in talks 'spurs' concessions | English Lesson
Read the show notes and learn more about our English programs at Englishforeconomists.com
Spike in Counterfeit Jewelry Sales | English Lesson
Foto de Samar Ahmad en Unsplash
The Collapse of the FTX Crypto Exchange | English Lesson
To read lesson notes, visit https://englishforeconomists.com/collapse-of-the-ftx-crypto-exchange/
Windfall Taxes | English Lesson
Find lesson notes and more here: https://englishforeconomists.com/windfall-taxes/
Fintech Financing Slump | English Lesson
This English lesson for economists covers the recent decrease in the money moving in to invest in the fintech sector. Find lesson notes at:
https://englishforeconomists.com/fintech-financing-slump/
Bailouts | English Lesson
Are company bailouts the new normal?
To see show notes, visit https://englishforeconomists.com/are-bailouts-the-new-normal/
Image credit: “Bailing Out the Boat”, by William Marshal Brown (Edinburgh, 1863).
No Good Deed Goes Unpunished | English Lesson
This is a fun idiom to learn. Listen to the podcast and hear how it is used in the context of the green revolution, oil refineries, and sulfur.
For lesson notes visit https://englishforeconomists.com/no-good-deed-goes-unpunished/
Image credit to Leonard G. - English Wikipedia, original upload 10 July 2005 by Leonard G., CC SA 1.0, https://commons.wikimedia.org/w/index.php?curid=314266
Turkey Becomes Türkiye | English Lesson
Learn why Turkey changed its official name to Türkiye, and hear how this new name is pronounced in English.
For lesson notes and videos, visit: https://englishforeconomists.com/turkey-becomes-turkiye/
Hiring Spree | English Lesson
Go to englishforeconomists.com to see more lessons.
Foto de Christina @ wocintechchat.com en Unsplash
Friend-shoring | English Lesson
https://englishforeconomists.com/friend-shoring/ for lesson notes.
UN Population Projections | English Lesson
See lesson notes for this English lesson here:https://englishforeconomists.com/un-population-projections/
Crypto Asset Prices Fall | English Lesson
See lesson notes and previous lessons here: https://englishforeconomists.com/crypto-asset-prices-fall/
Dollarization| English Lesson
This lesson looks at some English you need to discuss the topic of dollarization. See lesson notes here: https://englishforeconomists.com/english-lesson-on-dollarization///commons.wikimedia.org/w/index.php?curid=185802
India Tech and the Carbon Footprint | English Lesson
See show notes at englishforeconomists.com/indias-tech-sector-and-the-carbon-footprint/.
Food Insecurity | English Lesson
The topic of this week's English lesson is 'Food Insecurity'.
To see notes and links, visit: https://englishforeconomists.com/food-insecurity/
#englishforeconomists #englishforfinance #englishlessons #englishforbusiness #foodinsecurity
Bear Market Rally | English Lesson
For lesson notes and video, you can visit https://www.englishforeconomists.com/bear-market-rally/.
Money Markets and Reverse Repos | English Lesson
Watch the video and see lesson notes at www.englishforeconomists.com/reverse-repos/
Digital Payments | English Lesson
This English vocabulary lesson covers some words related to the topic of digital payments. Vocabulary includes: Digital Payments / Digital Wallet / Unbanked / Financial Inclusion / Data Breach / Pros and Cons
You can find class notes here: https://www.englishforeconomists.com/digital-payments/