Word: grows
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Dates: during 1980-1989
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Among other things, Musich pointed to heartening signs of positive economic growth in two of Latin America's major economies: Argentina (with a foreign debt of about $51 billion) and Brazil (about $107 billion). He forecast that Argentina's economy would grow 4% this year and Brazil's 3.5%. At the same time, Musich noted, Latin American countries have successfully rescheduled payments on $100 billion of their $370 billion in foreign obligations. Last year the Latin debt total grew only 2%, meaning that for the first time in many years the debt actually declined about 2% in inflation- adjusted terms...
Samuel Brittan, an economics columnist and assistant editor of London's Financial Times, admitted that "the outlook for world trade liberalization is not good," but added, "The surprise is that it is not worse." He noted that the volume of world trade is expected to grow at least 4% to 5% this year. That is a mild increase over 1985, but only half the 1984 rate. Brittan singled out nontariff barriers to trade, like voluntary quotas, as particular villains in that sluggishness...
...Thurow: "Everybody is right: the U.S. ought to do something to balance its trade deficit and its federal budget faster than it is, but we are not going to do it for political reasons. The Americans are right that the Japanese and Germans ought to stimulate their economies and grow faster, but they are not going to do it for political reasons." The consensus among the - economists, however, was that the world still has time to set aside political considerations and make the economic adjustments necessary for strong, sustained growth...
...President, the iron-willed British Prime Minister and the pugnacious South African State President have each demonstrated an uncanny ability to tough their way through political adversity, often using the sheer force of personality to get their way. As the international calls for economic sanctions against South Africa grow, however, all three leaders resemble conductors who are fast losing control of their orchestras...
...newspaper La Prensa are not new," concedes Nina Shea, a lawyer who wrote the report. "They are part of a pattern of repression against dissidents that has been going on for many years." And given the jangled nerves of the Nicaraguan leaders, the repression seems likely to grow even worse...