外刊改编-六选四（8篇）.docxVIP

（A） Year-on-year sales at Hero Motocorp, the biggest?purveyor?of two-wheelers,?slid?by more than a third in December. As a result, corporate-credit growth, already?anaemic, has reached its lowest rate in at least 30 years. C. Predictably, the economy appears indeed to have been hobbled by the sudden “demonetisation”. D. Annual GDP growth forecasts for the?fiscal?year ending in March have slipped by around half a percentage point, to under 7%, from anactual rate of 7.3% in the last full quarter before demonetisation. E. At least the new year has brought a?semblance?of?monetary?normality. F. The Indian press is full of tales of household staff paid months in advance in old notes, or of bankers agreeing to exchange vast sums illegally. MOST economists might?hazard?a guess that voiding the?bulk?of a country’s currency overnight would?dent?its immediate growth prospects.On November 8th India took this abstruse thought experiment into the real world,?scrapping?two banknotes which made up 86% of all?rupees?in circulation.?(1) Evidence of the measure’s costs is mounting, while the benefits look ever more uncertain. (2) For seven weeks?queues?had snaked around banks, the main way for Indians to exchange their old notes for new ones or deposit them in their accounts.? That is over, largely because the window to exchange money closed on December 30th. The number of fresh notes that can be withdrawn from ATMs or bank counters is still?curtailed, but the acute cash shortage is?abating, at least in big cities. As data trickle through, so is evidence of the economic price paid for demonetisation. Consumers, companies and investors all wobbled in late 2016.Fast-moving consumer goods, usually a reliable growth sector,?retrenched?by 1-1.5% in November, according to Nielsen, a research group. Bigger-ticket items seem to have been hit harder. (3) A survey of purchasing managers in manufacturing?plunged?from relative op