Word: shrinkly
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...Reuters poll of economists does not offer much hope for an improvement in the nation's financial condition. Many see unemployment topping 10%. The news service reports that "Median forecasts now assume gross domestic product will shrink an annualized 5.3% this quarter, following a brutal 6.2% decline...
...last summer, more than 1.5 million Russians have lost their jobs and the ruble has lost a third of its value. On Friday the State Statistics Service reported that the annualized inflation rate had jumped to 13.9 percent - a four month high. The government predicts that the economy will shrink by 2.2% this year while the cost of buying an average monthly basket of food for an adult male in January was $61.34, up from $53.53 a year earlier. (The average monthly salary in Russia is $490.51, according to state figures...
...World Bank is having none of it. According to The New York Times, "In a bleaker assessment than those of most private forecasters, the World Bank predicted that the global economy would shrink in 2009 for the first time since World...
...course, given today’s universal economic problems, Western European countries will face both economic and political difficulties in sending money abroad. Even Europe’s strongest economy, Germany, is predicted to shrink by two to three percent this year, the worst performance since World War II. The recession has hit every country in Europe and has given rise to an upsurge in nationalist sentiments. Both the UK and Germany are due national elections in the next year or so, and leaders are astutely aware of the demands of their public. Nevertheless, politicians must do their utmost...
...worries that while the internet is expanding audiences to unprecedented levels, sites like Facebook shrink reader's attention...