English Vocabulary in Use: Advanced Book with Answers and Enhanced eBook Vocabulary Reference and Practice 3rd Edition

Economic difficulties
If an economy is badly affected by war, we may refer 
to it as a 
war-torn economy. Economies in a bad 
state are often referred to as 
ailing economies.
Devaluation/Revaluation of the currency may be 
necessary. 
[reduction/increase in value against other 
currencies] 
Economies may 
go into recession and 
not 
come out of / emerge from recession for several years. Indeed, countries may even suffer a 
double-dip
1
recession. A country may suffer from a 
slump in prices
2
for its goods. 
Lower taxes may 
be introduced to 
boost the economy
3
when it is in recession.
1
recession which ends and then begins again after a short time
2
serious fall/collapse in prices
3
give the economy a lift
A
B
C
D
Common
 
mistakes
The verb meaning to reduce the value of 
a currency is to 
devalue
(NOT devaluate).
DEBT
alleviate
relief
repay
burden
ease
cancel
incur

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Exercises
97
English Vocabulary in Use Advanced
Try to remember the collocations in A opposite. Fill the gaps in these sentences.
1 Development is important, but it should be 
development, not the kind that only 
lasts a short time.
2 The government is 
a policy of giving aid only where it is used to 
poverty. (
Give two answers for the first one
.)
3 There have been some 
signs that development projects are 
root in 
many countries.
4 Millions of people still live in 
poverty. (
Give two answers
.)
5 The economy has 
from its decline and is now doing well.
6 The struggle to 
economic growth in developing countries is a constant one.
7 Governments often 
funds for specific overseas development projects.
8 The goal should be to improve 
to better healthcare and education for the poor.