Word: growths
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Dates: during 1970-1979
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Answer: Hold fast to that stringent policy. Let the recession come, if need be. More than that, aim for the downturn to be followed not by a vigorous rebound in production and jobs but by a year or two of only moderate growth...
Sales began to take off in the early 1970s along with the growth in popularity of outdoor recreation in the U.S. Because the sporty vehicles have high ground clearance, and power that is delivered to all four wheels instead of only two, they can go just about anywhere: along sandy beaches, through fields and over snow-covered roads. Industry experts puzzle over estimates that owners of the specialized machines spend less than 10% of their driving time off the road, but it seems clear that they are taken with an image. The bulky, rugged vehicles are usually decked with roll...
...general economic instability caused by the slumping dollar. Schmidt enlisted the help of French President Valéry Giscard d'Estaing to convince other E.C. leaders that it was time to act. He argued that "a zone of monetary stability" was necessary to revive lagging economic growth, slow inflation and make Europe immune from the dollar's malaise...
Largely as a result, economic growth in Ireland this year will be Western Europe's highest: 6.5%. Unemployment is also a high 9% but bucks Europe's rising trend and is generally expected to fall to 4% in the early 1980s...
...hemorrhage of forced emigration has been stopped; no longer can it be said that Ireland's greatest export is men. The population is rising for the first time in modern history. Irishmen are returning home from distant lands. And a most remarkable development is occurring: at current growth rates, the Irish standard of living-based on production per capita-in 1980 will surpass that of once mighty Britain...