Word: outputted
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...contentious items) over exports (farm products, jet planes, computers are major ones), is heading toward a record $150 billion this year. That is nearly four times what it was as recently as 1981. The surge in imports and lag in exports are beginning to hold back the whole economy. Output of goods and services is growing at a rate of around 2% this year. That is much slower than it would be if the U.S. share of domestic and export markets were the same as it was even a few years ago. It is too low, besides, to bring down...
...OPEC oil producers that they must all take coordinated action or the Saudis will go further." As if in confirmation, Yamani warned that a ruinous price war could develop by next spring unless OPEC members stuck to official quota and price agreements and other producers restricted their output...
...whether international bankers and Saudi oilmen are conspiring as well. A little more than a month ago, Mexico's Finance Ministry admitted that inflation was running at 59% instead of the 35% prescribed by the International Monetary Fund, and the budget deficit was about 8% of total economic output for 1985, instead of 5.3%. Since Mexico has not met the fund's terms, it would normally not be allowed to draw on a $900 million line of credit that remains from a three-year $3.4 billion IMF loan. "We could never have complied with that deficit requirement, even before this...
...auto gain reflected the low-cost financing that car- makers used to help clear dealers' lots. The Government also disclosed that industrial production rose a modest .3% in August, after remaining unchanged in July. The small increase showed that imports continue to cut deeply into American factory output...
...cannot be completely closed in the foreseeable future, so imports will continue to dampen growth. "The pillars of our export strength are badly eroded," said Rimmer de Vries, chief international economist for Morgan Guaranty Trust. He noted that the U.S. is losing some of its foreign farm sales because output abroad is up sharply. Concurred Robert Hormats, a vice president of the investment banking firm Goldman Sachs and a guest at last week's meeting: "Europe is exporting poultry, beef and all the things we sold them in the '50s, '60s and '70s." Hormats, who had been Assistant Secretary...