Word: headwind
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...Fujitsu Research Institute in Tokyo. The oil-price hikes so far, estimates Morgan Stanley economist Andy Xie, mean the Asia-Pacific region is spending 1.2% more of its total GDP on oil imports than it did last year. "There's no question that oil is the strongest headwind for growth now," says Xie. And if crude prices stay at current levels or go higher, the pain will only intensify. "This is a very delicate moment, no doubt about...
Princeton never managed to make up the ground it lost in the middle 1,000 meters of the race, and the Crimson steadily widened the margin in the last stretch of the course despite a headwind...
Once the boats finally hit the water, the strong headwind made for difficult racing...
Though Radcliffe had spent part of the week preparing to race in a headwind, a tailwind presented itself on Saturday, and the Black and White used it to its advantage. Though the wind made for unpredictable choppy waters, it also gave Radcliffe added speed...
...whole is projected to grow at a brisk 7% pace in 2004, according to Merrill Lynch. But economists estimate that every $5 increase in oil prices shaves 0.2% from the GDP growth of the Asia-Pacific region, and the longer prices stay high, the stiffer the economic headwind. In the past few weeks, Asia's export-led economies have begun to show signs of stress. With higher oil prices putting a drag on consumer spending in America and raising costs throughout Asia's supply chains, "We are facing a lower growth path over the next 12 months," says White...