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IELTS Preparation Series 1, Episode 4: Rising Dollar


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0:00

Hello. I'm Margot Politis. Welcome to Study English, IELTS preparation.

0:20

Today we're going to be making comparisons, and looking at some tricky prepositions of

0:25

time.

0:25

But first, let's listen to an academic talking about the Australian economy and the Australian

0:32

dollar. See if you can hear him use some comparative adjectives.

0:38

It couldn't have come at a worse time, in the sense that with business investment weakening,

0:43

and with the housing market, at least in activity terms, having turned, that's where the timing

0:48

is unfortunate for us.

0:49

The stronger the value of the Australian dollar and the longer it stays strong, the weaker

0:55

our economic activity will be next year.

0:57

I think growth in 2004 will be comparatively weak. My own prediction is that throughout

1:02

the year growth will be around about 2 per cent.

1:05

Being around the Reserve Bank's board table at this time I think would not be a comfortable

1:09

place to be. The bank is probably in a bigger dilemma over what to do with interest rates

1:14

with monetary policy than at any time that I can remember.

1:18

Dr Ian Harper is discussing the value of the Australian dollar, and the growth of the Australian

1:25

economy, including interest rates.

1:28

He describes all these factors by comparing information. Listen to him talk about the

1:34

value of the dollar.

1:35

The stronger the value of the Australian dollar and the longer it stays strong, the weaker

1:41

our economic activity will be next year.