Word: slowdown
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Dates: during 1980-1989
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Nowadays a zippy chorus or two of Happy Days Are Here Again would not be out of order either. After its initial burst of prosperity, the computer industry | fell into a two-year slump that some feared might signal a permanent slowdown in growth. The good news in computerdom is that the sluggishness appears to be over and many makers of personal computers are once again registering record revenues and plump profits. The companies' stock prices have recovered, and some firms are hiring factory workers and sales people after a long spell of layoffs and attrition. Best...
Even a mild slowdown in Europe's growth rate would be bad news for the U.S. economy. Washington has been counting on increased exports to Europe to help curb America's huge trade deficit, which hit a record $169 billion in 1986. But there is no assurance that Western Europe can keep up its present consumption of American imports ($59 billion last year), much less develop a greater appetite...
Such fees could backfire. Since instituting them four years ago, a number of Texas banks have seen a slowdown in the growth of ATM use. As a result, Dallas-based MCorp is dropping charges as of Sept. 1 for customers using its ATMs...
...influence from the White House." Without that evidence, foreign investment in U.S. securities, a crucial factor in underwriting the budget deficit, might well dry up. That in turn would undoubtedly lead to a vicious spiral of increased interest rates to woo back the creditors, resulting ultimately in a slowdown of economic growth and the doleful prospect of U.S. and possibly even global recession...
...heart of the slowdown is the world trade imbalance, in which the U.S. figures so crucially. Washington's trade deficit last year was $170 billion, in contrast to $149 billion in 1985 and $9.5 billion a decade ago. Japan and West Germany, on the other hand, piled up surpluses of $101 billion and $63 billion respectively last year. But there are glimmers of hope. The decline of the U.S. dollar by roughly 20% against other major currencies during the past 18 months has started to ease the American deficit somewhat. One especially heartening sign: the U.S. trade deficit...