Two economists debate the main economic issues facing modern societies. Read the dialogue and choose the correct word for each gap.
Read each sentence and select the word that fits best.
Two economists discuss the main ??? facing the global economy.
Rising ??? has eroded the purchasing power of ordinary people.
Governments responded with ??? measures — cutting spending to reduce the deficit.
Central banks used ??? to inject money into the economy.
The ??? policy of keeping interest rates low stimulated borrowing.
The country experienced a severe ??? — GDP fell for three consecutive quarters.
Increasing the ??? deficit can stimulate growth in the short term.
Rising unemployment is ??? with economic stagnation.
We need structural ??? to make the economy more competitive long-term.
The ??? between developed and emerging economies continues to narrow.