Word: semigloss
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Dates: during 1990-1999
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Economists who once cavalierly pronounced that an Asian slowdown might even be good for the U.S.--it would help hold down inflation--are now slashing their 1998 growth forecasts and fretting about possible deflation, the broad and sustained decline of prices for everything from semiconductors to semigloss. Most agree that the growth of the gross domestic product this year, because of Asia's problems, will be a half to a full percentage point lower than earlier forecasts--in real numbers, roughly 2.5% instead of the 3% or 3.5% that was talked about last year. Meanwhile, as scores of companies prepare...
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