Word: rated
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Dates: during 1970-1979
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...world's fertility rate is dropping, the United Nations Fund for Population Activities reported last week, principally because of delayed marriages and decisions to have smaller families. The U.N. study notes that most governments now recognize the need for comprehensive population policies. Even so, by the end of this decade alone there will be an estimated 738 million more people alive than there were in 1970. By the year 2000 more than 6 billion people will inhabit the planet, twice as many as in 1960. Worse yet, the population of the poorer, developing nations will account...
...Administration insists that the U.S.'s present 13% inflation rate can be tamed by gently slowing the economy. Its program is to: 1) cling to the tattered wage-price guidelines*; 2) hold the fiscal 1980 budget deficit to $29 billion, down from $32 billion in 1979; and 3) encourage the Federal Reserve Board to continue to keep a firm rein on the money supply. But most non-Government economists believe that inflation will be curbed only by the recession that they predict will begin this summer...
West Germany. The Germans' economy is, as usual, in better shape than any of their European neighbors'. The big worry, also as usual, is rising inflation: though prices increased a mere 2.6% in 1978, inflation so far this year has been running at an annual rate of 7.4%, a figure that might be cheered elsewhere but is regarded with concern in this inflation-phobic nation. German exports are surging and now account for fully 12% of total world trade-the same...
Japan. After its longest postwar recession, the country is again moving ahead, with its growth running at an annual rate of 7.4% in the first quarter of this year, up from 6.8% in the final three months of 1978. At the same time, the growth of exports, a main source of irritation between Japan and its trading partners, has slowed. The official growth goal for the year is 6.3%, but, given the need to curb oil consumption, actual economic expansion could be limited to 5% or less...
...even lower by year's end. Yet Giscard has so far taken only mild measures to conserve oil: lower home heating levels, stricter speed limits and vague ideas on producing a more economical car. Inflation remains a serious concern. Last year, seeking to buck up the investment rate by improving profit margins, the French removed the price controls maintained on many goods. But that kicked living costs up sharply-and is a big reason why 1979 inflation is expected to climb above the officially projected...