Word: shrank
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...surface, Maine-sized Austria hums with gemütlich prosperity. Unemployment shrank last year to a negligible 2%, and wages rose faster (10%) than the cost of living (6%). Last week pre-Easter shoppers crowded Vienna's Kärntnerstrasse, splurging on everything from spring ski sweaters to imported delicacies like pâte de foie gras and French Beaujolais. Swarms of Volkswagens, Fords and Austrian-built Puchs choked the streets of downtown Vienna, where private autos were a rarity only ten years ago. Travel reservations for the Easter holiday were virtually unobtainable...
Coming into the relays, the Crimson held a five-point lead over Army. The margin shrank to three after the Cadets won the two-mile, and the Harvard quartet finished a close second. Army's time was 7:49.7; the Crimson...
...construction of the storm water chlorination chamber might not have been necessary if another project "to do something" with the river had been successful. The Charles was originally a tidal river; twice a day it overflowed its banks from Boston to Watertown, covering marshland, and twice a day it shrank leaving ugly mud flats...
...billion drop in bank loans to foreigners. Offsetting that gain, however, imports rose faster than exports, partly because of dock strikes and partly in response to the demand for goods from free-spending consumers and businessmen. Result: the U.S. trade surplus-the excess of exports over imports-shrank from $6.7 billion in 1964 to $4.8 billion last year. The trend, said Connor, remains a "very serious" problem. On top of that, Viet Nam escalation may pull $700 million of gold and dollars out of the U.S. this year as against $250 million...
...that, the IMF reported last week that international monetary reserves shrank during the first three quarters of last year from $68.9 billion to $68.88 billion while global exports rose 5%. In the long run, the expansion of prosperity-giving world trade requires growth, not shrinkage of those reserves, which are composed of gold, dollars, British pounds, and drawing rights...