Word: quarters
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Dates: during 2000-2009
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...global economic outlook: "Global industrial production declined by 20 percent in the fourth quarter of 2008 ... Global GDP will decline this year for the first time since World War II, with growth at least 5 percentage points below potential...
...Recently The Wall Street Journal reported that "Goldman Sachs estimates that China's economy grew 2.6% in the October-December period from the July-September quarter. The OECD puts the quarter-on-quarter growth for the same period at 0.3%." The numbers are telling in two ways. The first is that estimates of economic activity on the mainland are imprecise. The second is that China's growth rate may have already have slowed considerably...
...budget. Levy said that the hospital is prudently slowing down how quickly they spend their grants. Furthermore, slowed spending of federal research grants has resulted in another $5 to $8 million in revenue shortfall for the hospital. Levy said that because researchers are stretching their grants into the first quarter of next year, the hospital has not received its indirect payments as quickly, resulting in less revenue on hand. “That just shows you how things you would never anticipate—dozens of researchers all of the sudden being more prudent—affect the bottom line...
There is little doubt that the United States—and much of the rest of the world—is facing an economic and financial crisis of historic proportions. In the fourth quarter of 2008, the American economy shrank by 6.2 percent, and last month the official unemployment rate reached 8.1 percent, a figure not seen in a quarter-century. Nor has the Obama administration been idle. On Feb. 17, the president signed into law the American Recovery and Reinvestment Act, which calls for the government to spend $789 billion over the next two years in an attempt...
...Some economists argue it is unrealistic to expect that China, which saw its slowest growth in seven years last quarter, will be able to boost its domestic demand through short-term spending enough to mitigate steep declines in global trade. "The idea that China will be helping the rest of the world is a myth," says Ben Simpfendorfer, a Hong Kong-based China economist for the Royal Bank of Scotland. "Almost half of what it imports is related to export processing. A large share of the remainder is commodities. It imports little for its own consumption. That befits its status...