Word: grosse
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Dates: during 1980-1989
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...suffered a 40% devaluation. The country's current foreign debt is about $52 billion, among the highest in the Third World. Nervous investors have pulled some $6 billion of their capital out of the country in the past year. Government expenditures ate up 48% of Mexico's gross domestic product.* The U.S. figure...
...average annual rate of less than 2% in the first four months of the year, suddenly shot back up in May to a compound annual rate of 12.7%, pushed by increases in housing, food and energy costs. The unexpected rise far overshadowed a Commerce Department preliminary report that the gross national product might actually have gone up .6% during the April-to-June quarter, signaling at least a pause in the recession...
...country's $5 billion defense budget normally eats up 13% of Israel's gross national product, but the Lebanon campaign has increased the already top-heavy defense bill to 18% of G.N.P. If the U.S., which spends about 6% of G.N.P. on defense, fought a war of proportionately comparable cost, the expenditure would equal almost the entire 1982 defense budget, or more than $187 billion...
...financially shaky hotel and ticket consortium Mundiespaña, blamed the general recession. Ajusting his once Olympian ambitions, he says: "We will not go bankrupt." But despite reports of severe losses to operators of travel, merchandising and ticket sales abroad, FIFA is still bragging that its eventual gross-helped along by revenue from three special Spanish lotteries-will more than cover the Spanish government's $40 million outlay...
There were a few tentative signs last week that the recession might be coming to a close. Commerce Secretary Malcolm Baldrige predicted that the gross national product would actually show a slight rise in the second quarter. It had declined at an annual rate of about 4% during the previous six months. The Commerce Department reported that housing starts surged 22.3% in May, the biggest jump since June...