Goldman Sachs' Jan Hatzius: Here's why a recession is not the most likely outcome
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across
US / əˈkrɔs /
•UK / əˈkrɔs,əˈkrɑs /
- adverb
- Distance from one side to another
- (Go) from one side to the other of something
this
US / ðɪs /
•UK / ðɪs /
- adjecitve
- Used to indicate something already been discussed
- Used to indicate something happening around now
- adverb
- An indication by a physical motion or gesture
- A specific amount of
- determiner
- Person, thing, or idea near you
- pronoun
- Person, thing that has already been discussed
five
US / faɪv /
•UK / faɪv /
- number
- 5
january
US / ˈdʒænjuəri /
•UK / ˈdʒænjueri /
- noun
- 1st month of the year
you
US / jʊ /
•UK / ju /
- pronoun
- Person someone is speaking or writing to
- Person or people in general
surface
US / 'sɜ:fɪs /
•UK / ˈsɚfəs /
- adjecitve
- Of the top layer; not deep or meaningful
- noun
- Top layer of the ground or of water
- Nature or emotions that show, but may not be true
- Outside or upper layer of something
- verb
- To give (road) a top layer
- To appear after being hidden, unseen, or unknown
- To come to the top of something; emerge
- To come to the top level of water, mud, etc.
three
US / θri: /
•UK / θri /
- number
- Number 3
little
US / 'lɪtl /
•UK / ˈlɪtl /
- adjecitve
- Being short in length of time
- Not great in size, amount, or degree; small
- Being very young or younger than others
- adverb
- By an amount or degree that is not very much
- Not often; rarely
- noun
- A person's name
rate
US / reɪt /
•UK / ret /
- noun
- Current price or cost of something
- Speed or frequency of events over time
- verb
- To assess something or consider its qualities
the
US / ðə /
•UK / ðə /
- article
- Used to refer to something already mentioned
- Used to show there is only one of something
- determiner
- Used to describe all of a family
into
US / 'ɪntə /
•UK / ˈɪntu /
- preposition
- Moving or going inside something
- In the same direction as; in the direction of
- So as to become; taking the state of
message
US / 'mesɪdʒ /
•UK / ˈmɛsɪdʒ /
- noun
- Main idea or theme in a story, book, or film
- Piece of information that is told/given to someone
- verb
- To communicate using text
than
US / ðən /
•UK / ðən /
- conjunction
- Used to compare two things that are not equal
wage
US / weɪdʒ /
•UK / wedʒ /
- noun
- Money paid to a worker for the hours they worked
- verb
- To start (war, etc.) to achieve a particular goal
qualification
US / ˌkwɒlɪfɪ'keɪʃn /
•UK / ˌkwɑləfɪˈkeʃən /
- noun
- Official record proving a certain standard/level
- Act of reaching a certain level or standard
- Addition of conditions to limit what you said
real
US / rɪəl /
•UK / ˈriəl, ril /
- adjecitve
- Actually existing or happening, not imagined
- Being important or special
and
US / ənd /
•UK / ənd, ən,ænd /
- conjunction
- Used to refer to two or more things
- Plus; in addition; on top of that
- Used to introduce an action that follows another
hike
US / haɪk /
•UK / haɪk /
- noun
- Large and unexpected increase in price, level etc.
- A long walk in mountains, etc. for exercise
- Long walk, often in a rural area, for exercise
- verb
- To make a large and unexpected increase in a price
- To take a long walk in mountains etc. for exercise
chair
US / tʃeə(r) /
•UK / tʃer /
- noun
- A person in charge of an official meeting
- A piece of furniture you sit on
- verb
- To be in charge of a meeting or department
unemployment
US / ˌʌnɪmˈplɔɪmənt /
•UK / ˌʌnɛmˈplɔɪmənt,-ɪm- /
- noun
- Number of people without jobs in a country
- State of not having a job
come
US / kʌm /
•UK / kʌm /
- verb
- To arrive at a place
- (Of mail) to be delivered
- To move toward someone; go with someone
- To reach a certain point or state
think
US / θɪŋk /
•UK / θɪŋk /
- verb
- To have an idea about something without certainty
- To have an idea, opinion or belief about something
underneath
US / ˌʌndə'ni:θ /
•UK / ˌʌndɚˈniθ /
- adverb
- Hidden beneath the surface of something
- On the lower side or bottom of something
- preposition
- Lower than, as in status; beneath
- Located under or below something
from
US / frəm /
•UK / frʌm, frɑm,frəm /
- preposition
- Starting at a particular place, time or level
press
US / pres /
•UK / prɛs /
- noun
- Machine using pressure to shape, flatten, squeeze
- General term for TV, radio, newspapers
- A machine that prints books and newspapers
- verb
- To make clothes smooth using a heated iron; iron
- To repeatedly ask someone to do something
- To print something such as a book or newspaper
- To push something against something else
- To squeeze the liquid out of grapes, etc.
early
US / ˈɜ:li /
•UK / ˈɜ:rli /
- adjecitve
- Happening or appearing before
- adverb
- Coming/happening before others in a time sequence
- Happening sooner than expected
most
US / məʊst /
•UK / most /
- adverb
- Very; extremely
- Greatest possible degree
- pronoun
- Nearly all of something
possibility
US / ˌpɒsə'bɪlətɪ /
•UK / ˌpɑsəˈbɪlɪti /
- noun
- Something with a chance of happening or being true
two
US / tu: /
•UK / tu /
- number
- 2
recession
US / rɪˈseʃn /
•UK / rɪˈsɛʃən /
- noun
- Act of moving backward gradually
- Decreased business activity, when work is scarce
tight
US / taɪt /
•UK / taɪt /
- adjecitve
- Showing anxiety or anger; tense
- Positioned physically close together
- Managed or controlled in a strict and careful way
- (Of road, bend) curving sharply
- Drunk
- Being equally matched in ability or score
- Lacking extra space
- Having limited time available
- Being very limited in supply
- Not generous; mean with money; stingy
- (Rope or tie) pulled strongly
- Being in a good solid relationship
- adverb
- Firmly; so it can't move
down
US / daʊn /
•UK / daʊn /
- adjecitve
- Being sad, sick, or unhappy
- Not operating, working, or functioning as expected
- adverb
- In a sitting or lying position
- Towards or on the ground, floor, or bottom
- Written or copied onto a piece of paper or book
- noun
- A period of play in American Football
- The soft, smooth hairs that cover a bird's body
- preposition
- Along something's path, course, or direction
- Going from a higher position to a lower position
- verb
- To eat or drink very quickly and without stopping
fund
US / fʌnd /
•UK / fʌnd /
- noun
- Money collected, saved, or provided for a purpose
- A specific account into which you put money
- verb
- To supply money for something
great
US / ɡreɪt /
•UK / ɡret /
- adjecitve
- Very large in size
- Very important
- Very good; fantastic; wonderful
- adverb
- Very good; better than before
- noun
- Successful and well-admired person
get
US / ɡet /
•UK / ɡɛt /
- verb
- To become affected by illness or disease
- To begin to feel or understand an emotion or idea
- To send or bring someone or something home, etc.
- To go somewhere to obtain something
- To (cause to) do a particular thing
- To obtain, receive or be given something
- To currently have
- To prepare for use
- To understand something being said or read
about
US / ə'baʊt /
•UK / əˈbaʊt /
- adverb
- To be ready to; going to
- Nearly; approximately; roughly
- Near; next to; close to
- In every direction; in the area of
- preposition
- Concerning or of (a topic)
nonfarm
US / ˌnɒnˈfɑːm /
•UK / /
that
US / ðæt /
•UK / ðæt, ðət /
- adjecitve
- The person or thing being talked about
- Used to identify something both the speakers know
- adverb
- Used to reinforce adjectives and adverbs
- To such a degree
- conjunction
- Used to connect a noun clause
- Used to introduce an adverbial clause
- Used to introduce a noun clause
- determiner
- Used as a noun to refer to something
- pronoun
- Referring an object far away
- Used to refer to the relative pronoun ‘which’
week
US / wi:k /
•UK / wik /
- noun
- Period of seven days from Sunday to Saturday
what
US / wɒt /
•UK / hwɑt, hwʌt, wɔt, wʌt,hwət, wət /
- pronoun
- Thing or things that; the same kind as
- Used to emphasize something you are about to say
- adjecitve
- Used to refer to a particular amount, or number
- Used to place emphasis on a particular quality
- adverb
- To a certain degree
- determiner
- Question words used for asking for information
- exclamation
- Used to express excitement, shock, or surprise
- Used to ask people to repeat something they said
growth
US / grəʊθ /
•UK / groʊθ /
- noun
- Improvement, development in a skill over time
- A mass on the skin or body part related to illness
- Act of growing
least
US / li:st /
•UK / list /
- adverb
- In the smallest or lowest way
- noun
- Something that is of the lowest or smallest degree
drag
US / dræɡ /
•UK / dræɡ /
- noun
- Force of air pushing back against a plane car etc.
- Boring or annoying thing/activity
- verb
- To reluctantly move or go somewhere
- To feel that progress or time is moving slowly
- To pull something heavy or difficult along the ground
takeaway
US / ˈteɪkəweɪ /
•UK / ˈtekəˌwe /
- noun
- Employee benefit deleted in union contract
twice
US / twaɪs /
•UK / twaɪs /
- adverb
- Two times
number
US / ˈnʌmbə(r) /
•UK / ˈnʌmbɚ /
- noun
- Symbols such as 1, 2, 56, 793
- Particular song or dance performed during a show
- Total quantity or amount of things
- verb
- To put numbers on things
- To assign a sequence within a group, series, set
- To claim to be part of a larger group, series, set
stay
US / steɪ /
•UK / ste /
- noun
- Legal order to stop or delay an action
- Strong rope or wire that supports a ship's mast
- Period of time spent living in or visiting a place
- verb
- To keep trying without giving up
- To remain in the same place and not move away
- To spend time visiting a place or someone's home
lower
US / 'ləʊə(r) /
•UK / ˈlaʊɚ, laʊr /
- adjecitve
- In a position more near the bottom
- verb
- To move something downward to the ground
well
US / wel /
•UK / wɛl /
- adjecitve
- Being in a fortunate, good condition or state
- Healthy and in good condition
- adverb
- In an acceptable, proper, or successful manner
- In a complete, total, or full manner
- A great and considerable degree
- In a successful way, in a good or satisfactory way
- exclamation
- Used to begin or continue a particular statement
- Used to show you want to start saying something
- Used to express that you are waiting for a reply
- You say this to change the topic of a conversation
- Used to indicate you are making a final remark
- noun
- Long deep hole in the ground to get water
- verb
- To cause your eyes to fill with tears
board
US / bɔ:d /
•UK / bɔrd, bord /
- noun
- Surface for posting or showing information
- Group of persons who direct an organization
- Long piece of material used for riding the waves
- Long thin piece of wood, used for building; plank
- verb
- To enter a ship, plane, or other vehicle
- To cover with long wooden strips of wood
- To pay money to live in someone's house; lodge
fact
US / fækt /
•UK / fækt /
- noun
- Something that is known or proved to be true
financial
US / faɪˈnænʃl /
•UK / faɪˈnænʃ(ə)l /
- adjecitve
- Involving money
evolve
US / ɪ'vɒlv /
•UK / ɪˈvɑlv /
- verb
- To develop certain features
- To develop or change slowly over time
- To slowly change or develop into something better
labor
US / 'leɪbə(r) /
•UK / ˈlebɚ /
- noun
- The people with work in a community
- All of the workers in a country, specific company
- verb
- To struggle to do something because it's difficult
- To work hard (often physically) for many hours
much
US / mʌtʃ /
•UK / mʌtʃ /
- adjecitve
- Very; to a high level or degree
- adverb
- A lot; large amount; a high degree of
- Nearly; basically
- On many occasions; often
- noun
- A large amount; a great quantity
statement
US / ˈsteɪtmənt /
•UK / ˈstetmənt /
- noun
- Record of activity in a bank account over time
- Act or process of saying something formally
strong
US / strɒŋ /
•UK / strɔŋ /
- adjecitve
- (Of tea or beer) dark or thick
- Having big muscles; physically powerful
basis
US / ˈbeɪsɪs /
•UK / ˈbesɪs /
- noun
- Main ingredient or part of something
- Starting situation, fact, idea to develop from
for
US / fə(r) /
•UK / fɔr,fə /
- preposition
- Used to show the purpose, or need of something
through
US / θru: /
•UK / θru /
- adjecitve
- having finished using or doing something
- adverb
- From the beginning of something until the end
- preposition
- Over, in, across an entire thing or place
- Allowing you to pass between, or to
- By a particular way or process; by the use of
time
US / taɪm /
•UK / taɪm /
- noun
- Speed at which music is played; tempo
- Point as shown on a clock, e.g. 3 p.m
- Number of hours, minutes needed to do something
- Occasion when something happens
- Period or occasion that something occurred
- Period in history or the past
- Something measured in minutes, hours, days, etc.
- How long an event takes; duration
- verb
- To check speed at which music is performed
- To choose a specific moment to do something
- To measure how long an event takes, e.g. a race
- To schedule something to occur at a specific moment
why
US / waɪ /
•UK / hwaɪ, waɪ /
- adverb
- Question word to ask for a reason
- exclamation
- (Used to express surprise or approval)
report
US / rɪ'pɔ:t /
•UK / rɪˈpɔrt, ˈport /
- noun
- Account of the necessary facts and information
- The telling of news in the media
- Official statement about something
- verb
- To submit a report or bill to the government
- To write in a newspaper or speak on a news program
- To state something officially
- To officially present yourself to an authority
- To describe something by telling it to others
friction
US / ˈfrɪkʃn /
•UK / ˈfrɪkʃən /
- noun
- Disagreement between two or more people
- Force preventing motion between bodies in contact
meaningful
US / 'mi:nɪŋfl /
•UK / ˈminɪŋfəl /
- adjecitve
- Having importance; showing someone's intention
news
US / nju:z /
•UK / nu:z /
- noun
- Broadcast on radio or TV about recent events
- Information about recent events
before
US / bɪˈfɔ:(r) /
•UK / bɪˈfɔr,-ˈfor /
- adverb
- At a time earlier than the present; previously
- conjunction
- In advance of something happening
- preposition
- In front of someone or something
have
US / həv /
•UK / hæv /
- verb
- To drink, smoke, eat or use something
- To experience the effects of something
- To organize an event, or join in an activity
- To own, possess, or hold something
- To cause to happen or produce a particular effect
last
US / lɑ:st /
•UK / læst /
- adjecitve
- Most recent; the latest
- The one before
- adverb
- Final; with nothing following; after all others
- Most recent; the latest
- determiner
- The one at the end
- verb
- To remain or continue for a certain period of time
datum
US / ˈdeɪtəm /
•UK / ˈdetəm, ˈdætəm, ˈdɑtəm /
- noun
- Item of factual information
with
US / wɪð /
•UK / wɪð, wɪθ /
- preposition
- As an employee of a certain company
- Against something or someone
- By using something as a means
- Due to; because of
- Including
- Possessing as a feature
- Related to
- (Of the manner/attitude by which you do something)
- Used to express that people or things are together
estimate
US / 'estɪmət /
•UK / ˈɛstəˌmet /
- noun
- Guess or calculation of cost, size or value
- verb
- To guess or calculate the cost, size or value of
hundred
US / 'hʌndrəd /
•UK / ˈhʌndrɪd /
- number
- 100
month
US / mʌnθ /
•UK / mʌnθ /
- noun
- One of 12 28-31 day periods in the year
feed
US / fi:d /
•UK / fid /
- noun
- Food given to animals
- verb
- To give food, e.g. to animals or a baby
- To push something through an opening
- To provide necessary supplies to
caveat
US / ˈkæviæt /
•UK / ˈkeviˌæt, ˈkævi-, ˈkɑviˌɑt /
- noun
- Warning or caution in a legal document
know
US / nəʊ /
•UK / noʊ /
- verb
- To be familiar with a person or place, thing
- To feel sure or be convinced about something
- To discover or be aware of something
- To be able to distinguish
- To have knowledge of things
low
US / ləʊ /
•UK / lo /
- adjecitve
- Having a small quantity, supply, or amount
- Being unhappy or unpleasant in attitude
- Not high; being near the ground, or bottom
- (Of a voice, sound) being soft; quiet
- noun
- Situation of not having a lot of something
not
US / nɒt /
•UK / nɑt /
- adverb
- Word indicating the negative
- (Used to form the negative of verbs)
our
US / 'aʊə(r) /
•UK / aʊr /
- determiner
- Belonging to us
paul
US / pɔ:l /
•UK / pɔ:l /
- other
- Paul's name was Saul prior to his conversion to Christianity
pricing
US / ˈpraɪsɪŋ /
•UK / ˈpraɪsɪŋ /
- verb
- To determine or set the cost of something
considerably
US / kənˈsɪdərəbli /
•UK / kənˈsɪdərəblɪ /
- adverb
- Quite a lot; to a large degree
now
US / naʊ /
•UK / naʊ /
- adverb
- At the present time or moment
- Right away or in the next possible moment
- Used to refer to something that just happened
- Time between the present and a moment in the past
- conjunction
- Resulting from or because of something
concerned
US / kənˈsɜ:nd /
•UK / kənˈsə:nd /
- adjecitve
- Worried or anxious
- verb
- To be about a particular topic
- To have a direct impact on someone
- To be responsible or mixed up in; to be involved
- To feel worry or anxiety
resilient
US / rɪ'zɪlɪənt /
•UK / rɪˈzɪljənt /
- adjecitve
- Recovering quickly from something bad
would
US / wʊd /
•UK / wʊd /
- other
- Used to indicate something imagined
- Used to ask or request something politely
- Verb used to indicate possibility, request etc.
- Used to indicate a preference
- Used to indicate a reaction
- Indicates something that occurred repeatedly
- Used to indicate willingness or ability to do
baseline
US / ˈbeɪslaɪn /
•UK / ˈbeɪslaɪn /
- noun
- Imaginary standard by which things are compared
conference
US / ˈkɒnfərəns /
•UK / ˈkɑnfərəns, -frəns /
- noun
- Series of lectures held as an event
- An association of US sports teams
credit
US / 'kredɪt /
•UK / ˈkrɛdɪt /
- adjecitve
- Having a positive amount of money
- noun
- System to buy something and pay for it later
- Points earned instead of money
- Quality of having a good reputation for a reason
- Points earned towards a university degree
- verb
- To add a certain amount of money to a total
- To recognize someone's achievements or help
support
US / səˈpɔ:t /
•UK / səˈpɔrt, -ˈport /
- noun
- Assistance or advice given to someone
- Evidence that helps prove something is true
- A thing to hold up or prevent from falling down
- verb
- To give assistance or advice to someone
- To help prove or show that something is true
- To hold up or prevent from falling down
income
US / ˈɪnkʌm /
•UK / ˈɪnˌkʌm /
- noun
- Earned money from work, investments or business
potentially
US / pə'tenʃəlɪ /
•UK / pəˈtɛnʃəlɪ /
- adverb
- That could happen or become reality
but
US / bət /
•UK / bʌt,bət /
- conjunction
- Used before you say something different, opposite
cut
US / kʌt /
•UK / kʌt /
- noun
- Act/instance of reducing the size or amount of
- Small opening made using a sharp object, knife
- A wound on someone's skin caused by a sharp object
- verb
- To reduce the size or amount of something
- To use knife or scissors to divide, open surfaces
fifty
US / 'fɪftɪ /
•UK / ˈfɪfti /
- number
- 50
give
US / ɡɪv /
•UK / ɡɪv /
- noun
- Degree of flexibility in something, a material
- verb
- To hand over or present something to someone
- To cause someone to have or experience something
new
US / nju: /
•UK / nu, nju /
- adjecitve
- Not old, recently born, built or made
- Being or doing something for the first time
- Not felt, seen or known previously
- Having been recently bought or obtained
walk
US / wɔ:k /
•UK / wɔk /
- noun
- Journey on foot done for pleasure or exercise
- verb
- To move with your legs at a slowish pace
basic
US / 'beɪsɪk /
•UK / ˈbesɪk /
- adjecitve
- At the most important or easiest (beginner) level
market
US / ˈmɑ:kɪt /
•UK / ˈmɑ:rkɪt /
- noun
- Need or demand for a particular product or service
- Area or region where a certain product is sold
- Public event where people sell goods on tables
- Institution where stocks are bought and sold
- verb
- To publicize products to get you to buy; advertise
reason
US / 'ri:zn /
•UK / ˈrizən /
- noun
- Ability to think about facts and form a judgment
- Explanation for why something occurred or was done
- verb
- To think and make conclusions in a logical manner
side
US / saɪd /
•UK / saɪd /
- adjecitve
- In addition to the central or most important thing
- Next to, or very close to, the right or left of
- noun
- Position or opinion that is opposite to another
- Right or left part of a person's body
- Feature of someone's personality
- Straight edge of an object
- One of two or more groups fighting each other
- verb
- To decide to agree with one point, not the other
obviously
US / ˈɒbviəsli /
•UK / ˈɑːbviəsli /
- adverb
- In a way that is obvious/easy to see or understand
probably
US / ˈprɒbəbli /
•UK / ˈprɑbəbli /
- adverb
- That is likely to happen or be true
always
US / 'ɔ:lweɪz /
•UK / ˈɔlwez,-wɪz,-wiz /
- adverb
- For a very long time
- At all times; in every situation
- For ever
guess
US / ɡes /
•UK / ɡɛs /
- noun
- Answer given when you don't know if it is correct
- verb
- To give an answer without knowing if it is correct
thousand
US / ˈθaʊznd /
•UK / ˈθaʊzənd /
- number
- Number 1,000
way
US / weɪ /
•UK / we /
- adverb
- Used to emphasize the amount of something
- noun
- Particular aspect of something being thought about
- One of various choices that could be made
- Particular existing condition or state
- (Often long) distance or length of time
- How something is done
- Route to go to a place
- Small street
- Usual behavior, emotions or habits of someone
look
US / lʊk /
•UK / lʊk /
- noun
- Person's beauty or physical attractiveness
- Particular style of dress, clothes, or appearance
- The way someone, something appears to be
- Act of searching for or examining something
- verb
- To appear to be; seem
outcome
US / ˈaʊtkʌm /
•UK / ˈaʊtˌkʌm /
- noun
- Something that happens as a result, consequence
gradually
US / ˈgrædʒuəli /
•UK / ˈɡrædʒʊəlɪ /
- adverb
- Occurring in a slow manner over a period of time
very
US / 'verɪ /
•UK / ˈvɛri /
- adjecitve
- Concerning a large degree or amount
- adverb
- A lot; much; many
- Used to stress or emphasize a noun
change
US / tʃeɪndʒ /
•UK / tʃendʒ /
- noun
- Exchange of one set of clothes for another
- Money in the form of coins instead of paper
- Money returned after giving too much
- Act of making or becoming something else
- verb
- To exchange one set of clothes for another
- To exchange one kind of money for another
- To replace something with another thing
- To make or become something else
- To go from one train, bus, etc. and go to another
hold
US / həʊld /
•UK / hold /
- noun
- Section of a ship or plane used for storing things
- Influence or power held over someone
- Place of support for hands or feet when climbing
- verb
- To agree to keep something for someone
- To have the capacity to support/contain something
- To control an area and protect it from attack
- To not allow someone to leave a place
- To cause an event to happen at a place or time
- To use hands or arms to carry or keep something
- To have a specific quality or property
- To keep an image, belief or feeling in your mind
- To have or own something
- To wait before being able to talk on the phone
- To limit the movement of someone in a sport
payroll
US / ˈpeɪrəʊl /
•UK / ˈpeɪroʊl /
- noun
- Money needed to pay those working for a company
- List of people working for a company
pretty
US / 'prɪtɪ /
•UK / ˈprɪti /
- adjecitve
- Being attractive to the eye in a simple way
- adverb
- Very; to a great degree