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Does the New Economy exist? Not long ago, with growth strong and markets booming, the answer seemed an obvious yes. But then came the bust. In the first half of this year, output grew at an annual rate of just 1% ─ and there’s still a chance of an outright recession. Many pundits have left the New Economy for dead. Now they’re talking about the “Bubble Economy”.

The main idea of the paragraph

Due to the slowdown in the growth rate, some economists have begun to doubt the existence of new economy and think that it is nothing but a bubble economy.
由于经济增长速度的减慢，一些经济学家开始怀疑新经济的存在，认为那不过是个泡沫经济。

词语解释：

leave sb/sth for dead
leave sb or sth because you think they are dead
e.g.
1）The girl had been attacked and left for dead.
　那个女孩受到攻击后，别人认为她死了就离开了。

2）He’d been left for dead on the battlefield, but later on he turned up at the base hospital.
　人们以为他已死在战场上了，但后来他却出现在了后方医院。

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• Summary