Eartha
Member
- Joined
- Oct 8, 2009
- Member Type
- Student or Learner
- Native Language
- Chinese
- Home Country
- China
- Current Location
- China
Dear all,
How should I understand the "elevated levels" underlined in the sentence below?
Does it just mean "high levels", then why not use "high levels", what's the implied meaning here?
Thanks in advance.
Eartha
Investors may be overpaying for current profits. The earnings forecasts of American equity analysts imply an increase in margins from current elevated levels, since they show earnings growing much faster than nominal GDP.
How should I understand the "elevated levels" underlined in the sentence below?
Does it just mean "high levels", then why not use "high levels", what's the implied meaning here?
Thanks in advance.
Eartha
Investors may be overpaying for current profits. The earnings forecasts of American equity analysts imply an increase in margins from current elevated levels, since they show earnings growing much faster than nominal GDP.