Discussing the Economy / Обсуждать экономику

Michael: The economic news doesn't look good, does it?

Fred: Not according to The New Yorker yesterday. I saw a similar report last night on TV.

Michael: I saw that, too. The analysis seemed to be quite realistic.

Fred: I hope they are wrong. We really need to get the rising price structure under control.

Michael: Well, costs seem to be rising in so many categories that it appears to defeat any efforts of stabilization.

Fred: I feel that, too. Raw material now costs more. Labor is demanding higher wages though there is a lot of recession across the country.

Michael: There maybe some relief this summer. I understand the price of some food items will go down.

Fred: Let's not lose hope.

Michael: Right you are.