Word: output
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...dismal growth statistics released in Washington last week suggested that Jimmy Carter had inherited a still wobbly economy. After all, the nation's output of goods and services had risen at an annual rate of only 3% in the last three months of 1976, the lowest increase since the recovery began in the spring of 1975. The growth rate was below both the 3.9% of the third quarter and the 4% plus needed to pull down unemployment, which stood at 7.8% at year...
...virtually every capital you will hear a litany of the European Community's grim economic prospects for 1977; inflation that continues at an average 9.5%, industrial production that will drop roughly 3% below last year's output, a trade deficit of $6 billion (it would be a staggering $25 billion if West Germany were excluded) and unemployment figures that will increase all over Western Europe. These depressing statistics tell only part of the real story, which is that a few European states -notably West Germany and the Low Countries-are doing quite well, while others-notably Britain...
...Watson Rink barrage is the largest scoring output of the junior varsity season and avenges a 4-3 loss to the Budmen earlier this season...
...Indonesia has in effect failed to post the immediate 10% increase that it voted for in Qatar. Instead, the Indonesians have increased prices less than 6% on a grade of crude that accounts for more than half the country's output. The motivation seemed to be a desire not to tempt Japan-the buyer of most of Indonesia's oil-to turn to Saudi Arabia for oil. Said one official of the Mining Ministry: "What is the fun of fixing high prices if the Indonesian crude subsequently is not sold...
...intends to market more low-priced Saudi oil in the West and will refine much of it in its huge complex on the island of Aruba, off the coast of Venezuela, which until now has processed local crude almost exclusively. Whether the Saudis and Emirates can and will increase output enough to satisfy demand cannot be judged now. But Round 1 clearly has gone to Yamani...