Word: outboards
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Dates: during 1980-1989
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Despite the sharp dive, the slump continues to look like a "two-and-a-half industry recession," according to Michael Evans, a private Washington economist. The two: autos and housing. The half: recreational products like vans, boats and outboard motors. All three areas represent purchases that consumers are generally able to postpone in times of economic uncertainty. In addition to the housing drop, auto sales declined 42% in the first ten days of May over the same period last year, and sales of recreational vehicles were off 40% in the first quarter...