Word: drops
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Dates: during 2000-2009
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...such performance since the government began keeping quarterly records in 1947. That can't go on forever, and much of the recent talk of green shoots has to do with indications that business spending is at least starting to stabilize. Investment in housing was also down 38%, the sharpest drop since 1980, and there, too, optimists have found early signs of stabilization. It's not unreasonable to think that, sometime in the next few quarters or even months, business and housing will stop dragging the economy down and begin to provide at least a modest boost. (See pictures of retailers...
...keeps making its case for an attack on Iran's nuclear facilities, Israel isn't being very subtle: Iran will have a nuclear bomb, possibly as early as this year, its leaders suggest; Iran's leadership is suicidal - it will drop a nuclear bomb on Israel given the opportunity. So how, the Israelis then ask, can we not afford to destroy Iran's nuclear facilities, as we did Iraq...
...Administration may find that it would be better off to hold its tongue about the rate at which the deficit is growing. It is still forecasting that GDP will only drop 1.2% in 2009. That number is clearly improbable which should shake whatever confidence the taxpayers have in the forecast. Anyone watching the process of budget revision as the bottom line gets progressively worse understands that a $2 trillion deficit for the year is possible, and perhaps likely...
...China's exports fell again in April and fell more sharply than most analysts had expected. The value of goods and services leaving the country was down 22.6% compared to last year. Reuters reports that economists expected the drop to be only 18%. Several experts also pointed out that the reason that Chinese economic growth is still reasonably strong is due to the nation's $585 billion stimulus package...
...driving business activity and consumer spending within the nation's borders. But, if demand for its exports does not return soon, the most critical aspect of its GDP growth will still be in an anemic state. Alternatively, in the U.S., the core of the stimulus effort is to drop taxes to improve consumer spending and give financial aid to projects that should help move up employment. Until the American consumer begins to move back into the market and increase demand though normal spending, U.S. GDP will not rise and the rate at which the U.S. imports goods from China will...