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Discussion Groups / English Usage / January 2010moderate from growth = grow or reduce
Hello, This time a comprehension question, with thanks for all advice. In the following paragraph, there are two kinds of interpretations. First, 2010's loan will reduce 20-30% from 2009. Second, 2010's loan growth at 20%-30%. Or if you see the third one, many thanks. Kevin Concerns about capital inflows and the health of the export sector will limit the scope for interest rate tightening, but we do expect to see a moderation in full-year bank lending growth on the order of approximately 20-30% from 2009 levels, and the use of reserve requirements to manage the volume of money supply. > This time a comprehension question, with thanks for all advice. In the > following paragraph, there are two kinds of interpretations. First, [quoted text clipped - 6 lines] > approximately 20-30% from 2009 levels, and the use of reserve > requirements to manage the volume of money supply. Not responsive, but: what I see is a writer who is manic-depressive about hyphens. We see "full-year . . . growth" but also "interest rate tightening".  SignatureCordially, Eric Walker, Owlcroft House http://owlcroft.com/english/ > Hello, > This time a comprehension question, with thanks for all advice. In [quoted text clipped - 7 lines] > approximately 20-30% from 2009 levels, and the use of reserve > requirements to manage the volume of money supply. The fact that you ask this question is an indication that your comprehension skills are pretty good. An economist might understand what the writer is trying to say, but most ordinary native-speaker readers will have the same difficulties as you. "Moderation" is a daft word to use here: both "increase" and "decrease" are shorter and have the advantage that the reader is not left guessing. In addition "on the order of" adds absolutely nothing to "approximately", which, in turn, adds little to the en dash in "20-30". You could omit both without any significant loss of meaning. Signatureathel Athel Cornish-Bowden <athel_cb@yahoo.co.uk> wrote in news:7rj1soFbm8U1 @mid.individual.net: >> Hello, >> This time a comprehension question, with thanks for all advice. In [quoted text clipped - 17 lines] > adds little to the en dash in "20-30". You could omit both without any > significant loss of meaning. Well said! You could omit the paragraph without any significant loss of meaning to me. P > > Hello, > > This time a comprehension question, with thanks for all advice. In [quoted text clipped - 20 lines] > -- > athel Many thanks for your kind words. I was complained by the author for misquoting her. Too bad. ha!! Kevin >a moderation in full-year bank lending growth on the order of >approximately 20-30% from 2009 levels A reduction of 20-30% from 2009 levels i.e. 2010 = 70-80% of 2009. Your first interpretation was correct. SignatureWork is the curse of the drinking class. > >a moderation in full-year bank lending growth on the order of > >approximately 20-30% from 2009 levels [quoted text clipped - 3 lines] > -- > Work is the curse of the drinking class. In fact, my interpretation is "growth"+"but 20-30% less than that of 2009", so it's still "GROWTH". I asked it because the author said she meant "to reduce 20-30%", then it's "decrease" not "growth". But my interpretation is "slowdown" which is still "growth" hers is "NOT growth". Kevin |
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