VIP Class Notes (Jacob) [R]
Vocabulary
Hot air balloon – a large balloon that heats air to fly and carry people
Reading
The value of Turkish money, called the lira, hit another historic low compared to the U.S. dollar on Tuesday.
Among the reasons for the drop is that currency traders are concerned that the Turkish economy is growing too quickly.
With elections coming soon, the government is pushing economic growth. Currently growth is over seven percent. That makes Turkey one of the fastest-growing economies.
But international investors are becoming more worried about the cost of such growth. Turkey has inflation of over 10 percent. The country also is importing more goods than it exports leading to an increasing trade deficit, or current account deficit.
Pronunciation
Lira: [Li-ear-a]
Traders (don’t forget the endings)
Increasing-trade (can kind of flow together)
Trade…deficit (leaving a small pause/break)
Want to focus on a California accent (clear, not like New York, Mid-west, or Southern)
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