Word: robustness
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...economy had enough momentum going into the October stock-market crash, the country may be able to avoid slumping into a recession. Last week that hope was fortified when the Government announced that the U.S. economy grew at a robust 4.1% annual rate during the third quarter. Two categories that showed increased strength were exports and business investment, which means the U.S. is lessening its dependence on consumer spending...
...next day brought the beginning of the rally, for no apparent reason except that investors still had cash to invest after selling so furiously in previous sessions, and began to see blue-chip bargains among the battered stocks. The Dow rose 52.56 on Tuesday, .33 on Wednesday, a robust 91.51 on Thursday and 55.20 on Friday. Even the over-the-counter market, which was more devastated in the fall than the New York exchange, showed signs of life on Friday, rising...
RONALD REAGAN last week proved himself to be an inept and foolish leader. Americans were all too happy to give Reagan credit for what appeared to be a robust economy, and Reagan was all too happy to accept it. Fifty-nine months of growth, lower taxes, diminished inflation, shrinking unemployment--all was chalked up as the handiwork of the genial fellow in the White House and his band of supply-siders and monetarists...
...years ago, Western Europe seemed overwhelmed by a malady known as Europessimism. Now the mood is closer to Europhoria. And with good reason: from Scandinavia to Italy, most countries are enjoying annual economic growth in the comfortable 2%-to-4% range, stock markets are strong, and corporate profits are robust. Most impressive, West European exports have surged by 33% in the past three years, from $689 billion in 1983 to $916.4 billion in 1986. With the U.S. alone, Western Europe enjoyed a trade surplus of $18.2 billion last year, a sharp contrast to the $2.9 billion deficit...
Blocking the path to robust European growth is the low value of the dollar. Despite recent gains, the U.S. currency is still down more than 40% against the West German mark and the French franc since early 1985. That decline has damaged many of Europe's export-driven economies by making their products more expensive in relation to American-made goods...