Word: slowdown
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...Lately, in fact, he's been carrying an uncomfortable surplus. The index of leading indicators plunged 1% in March, the largest drop in nearly three years; consumer spending fell 0.4% in the same month, the biggest decline in a year; factory orders were down 1.5%, another sign of a slowdown in manufacturing. Even the good economic news was tainted. A survey by the Federal Reserve concluded that the economy would grow 2.5% to 3% this year, about the same as in 1992 and not fast enough to lower the nation's 7% jobless rate...
...figures left economists underwhelmed. After a weak first quarter, some worried, the nation might slip back into a recession. Most economists, however, blamed the slowdown on the snow and rainstorms that battered the South, West and Northeast during February and March. Still, the Administration can expect more bad news, says an influential group of chief executives. In its first report card on the Clinton Administration, the Business Council predicted sluggish growth ahead due to the continuing downturn in Europe and other markets...
...HAPPEN: THE U.S. ECONOMY'S 4.8% growth rate in last year's fourth quarter was too fast to last. Still, though a spate of reports showing a marked early-1993 slowdown was no surprise, it was no cause for joy either. January numbers showing the sharpest plunge in new-home sales in 11 years might be shrugged off, since winter housing figures are notoriously unreliable. Slow February sales by major retail chains are a pattern worsened this year by storms. Drops in January factory orders, the late-February selling pace of new cars and an increase in first-time claims...
...last time the forum took place, in late 1990 after the start of the current slowdown, the panel accurately predicted a protracted slump. This time the issues were just as pressing: Why is the recovery so abysmally slow, and what hope can be found in the economic proposals of George Bush and Bill Clinton? For his part, Sinai predicted a long grind, but saw bright spots emerging. David Hale, chief economist of Kemper Financial Cos., called for a combination of "Bush's trade policy with elements of Clinton's domestic policy." Dan Lacey, publisher of Workplace Trends, saw little...
...largest airline alliance ever and could accelerate worldwide consolidation of the industry. The most immediate impact, though, will be to rescue the Arlington, Va., carrier from a cloudy financial future. After expanding rapidly in the late 1980s, USAir was blown off course by the economic recession and a slowdown in air travel. It has lost more than $800 million since 1989, including $149 million so far this year...