Word: preslump
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Dates: during 1980-1989
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...board's optimistic forecast, made in the face of a slowdown that chopped third-quarter growth to an annual rate of just 1.9%, noted the absence of such traditional preslump signals as climbing inflation and badly shaken consumer confidence. On the contrary, prices continue to hold steady and shoppers have been in a fairly good mood. The Commerce Department reported last week that November retail sales were up 1.8%. That early Christmas-season gain, the healthiest monthly increase since April, helped allay retailers' fears that holiday buying would be weak. Other key indicators showed that November industrial production...
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