They point to the huge improvement in the economic situation, with a 4.7% expansion of GDP last year, the first growth in a decade, as well as the reopening of schools and hospitals.

他们指出国家的经济状况被大大改善了，去年GDP上升了4.7个百分点，这是GDP十年里的首次增长，而且学校和医院又开始服务了。

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They point out that defaults tend to occur at low points in the economic cycle, so that the years preceding a default tend to be ones of unusually poor growth by the defaulting country's standards.

他们指出，通常在经济周期的最糟时刻才会出现违约，所以，按照违约国家的标准，违约前几年经济状况就已经欠佳了。

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The World Bank expects global economic growth to slow by a percentage point to 2.7 per cent this year, revised lower from a previous estimate of 3.3 per cent.

世界银行预计，今年的全球经济增长速度将下降一个百分点，至2.7%，而原先预计为3.3%。

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"In the United States and Japan, the CLIs continue to point to economic growth firming, " the OECD said.

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Mill making the point that economic growth itself is money demand.

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Mr. Bernanke cited Congressional Budget Office estimates that the cuts would reduce economic growth by 0.6 percentage point this year, which would cost the economy 750, 000 jobs this year.

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