Passage 2 What the statistics do not reveal is how much is unofficially re-exported from the country.This is acknowledged by Dubai's customs department. "The re-export figures are indicative of markets rather than volumes, "a spokesman says. "If you add up the import figures and work out that 85 per cent of it is supposed to stay in the country, then the UAE would be the best stocked warehouse in the world.” What is meant by "The re-export figures are indicative of markets rather than volumes"?

On October 14th French farmers held another“day of action"-blocking roads, planting wheat in awkward places and so forth-in protest at the planned reforms. ( )

A separate,long-running dispute over oilseeds does still pose a threat. ( )

Unlike cereals and other farm goods,which the Uruguay round aimed to bring within the GATT' s jurisdiction for the first time,oilseeds already fall within it.( )

Jean-Pierre Soisson,the farm minister,has said France may block the EC's acceptance of a new farm-trade deal,and thereby wreck the round. ( )

With a weakening dollar in prospect, currencies of the emerging economies were pushed up by large inflow of hot money. ( )

A police task team was sent to investigate the security breach following the report. ( )

It is time to junk much conventional wisdom about the US economy. Until recently,most analysts assumed the recovery from recession would remain abnormally weak. And looking further ahead they assume that the US would continue to decline economically relative to other industrial countries,principally Japan and a more unified European Community. Both assumptions are now looking shaky. A clutch of much stronger than expected data suggests the US recovery is finally beginning to take off. Output per hour increased 2.7 percent last year-the fastest productivity growth in 20 years. With productivity increases translating into impressive gains in corporate profits,US share prices are hitting record high and the dollar is beginning to climb relative to other leading currencies. For internationally mobile capital,the attractions of the US economy are enhanced by worse than expected performance just about everywhere else. Growth throughout Europe is being held back by the strains imposed by German unification and currency instability,Japan,meanwhile,is struggling with its worst financial crisis in decades. President Mr. Bill Clinton is not only inheriting a lean,productive economy, he is inheriting the most encouraging inflation outlook for a generation. Consumer prices are expected to rise by only about 2.5% to 3% this year and next. Mr. Clinton,however,in his State of Union address on February 17,is expected to announce an economic stimulus worth about US $30 billion,or 0.5 percent of GDP. He will also announce longer term plans to tackle the familiar budget deficit,now running at about $300 billion but expected nearly to double within a decade because of runaway growth of spending on health care an other “entitlement” progarms. The conventional wisdom about the US economy assumed that the recovery would remain abnormally weak. ( )

It is time to junk much conventional wisdom about the US economy. Until recently,most analysts assumed the recovery from recession would remain abnormally weak. And looking further ahead they assume that the US would continue to decline economically relative to other industrial countries,principally Japan and a more unified European Community. Both assumptions are now looking shaky. A clutch of much stronger than expected data suggests the US recovery is finally beginning to take off. Output per hour increased 2.7 percent last year-the fastest productivity growth in 20 years. With productivity increases translating into impressive gains in corporate profits,US share prices are hitting record high and the dollar is beginning to climb relative to other leading currencies. For internationally mobile capital,the attractions of the US economy are enhanced by worse than expected performance just about everywhere else. Growth throughout Europe is being held back by the strains imposed by German unification and currency instability,Japan,meanwhile,is struggling with its worst financial crisis in decades. President Mr. Bill Clinton is not only inheriting a lean,productive economy, he is inheriting the most encouraging inflation outlook for a generation. Consumer prices are expected to rise by only about 2.5% to 3% this year and next. Mr. Clinton,however,in his State of Union address on February 17,is expected to announce an economic stimulus worth about US $30 billion,or 0.5 percent of GDP. He will also announce longer term plans to tackle the familiar budget deficit,now running at about $300 billion but expected nearly to double within a decade because of runaway growth of spending on health care an other “entitlement” progarms. The US economy recovery becomes more attractive for internationally mobile capital because the US recovery is abnormally strong. ( )

It is time to junk much conventional wisdom about the US economy. Until recently,most analysts assumed the recovery from recession would remain abnormally weak. And looking further ahead they assume that the US would continue to decline economically relative to other industrial countries,principally Japan and a more unified European Community. Both assumptions are now looking shaky. A clutch of much stronger than expected data suggests the US recovery is finally beginning to take off. Output per hour increased 2.7 percent last year-the fastest productivity growth in 20 years. With productivity increases translating into impressive gains in corporate profits,US share prices are hitting record high and the dollar is beginning to climb relative to other leading currencies. For internationally mobile capital,the attractions of the US economy are enhanced by worse than expected performance just about everywhere else. Growth throughout Europe is being held back by the strains imposed by German unification and currency instability,Japan,meanwhile,is struggling with its worst financial crisis in decades. President Mr. Bill Clinton is not only inheriting a lean,productive economy, he is inheriting the most encouraging inflation outlook for a generation. Consumer prices are expected to rise by only about 2.5% to 3% this year and next. Mr. Clinton,however,in his State of Union address on February 17,is expected to announce an economic stimulus worth about US $30 billion,or 0.5 percent of GDP. He will also announce longer term plans to tackle the familiar budget deficit,now running at about $300 billion but expected nearly to double within a decade because of runaway growth of spending on health care an other “entitlement” progarms. Both assumptions are now looking right. ( )