Word: slowdown
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...prime cause of the economic slowdown was the continuing flood of imports. Because the high value of the dollar makes imports less costly, American consumers are favoring foreign products over those made at home. Figures released last week revealed that the current account, which measures trade in goods and services, showed a record deficit of $101.6 billion last year, topping the previous peak of $41.6 billion in 1983. Foreigners have helped finance the trade deficit by investing heavily in the U.S. Because the inflow of foreign money far exceeds American investments abroad, the U.S. may have become a debtor nation...
Analysts said the sales slowdown is affecting both the Macintosh line and the mainstay Apple II. The company has increasingly aimed the Macintosh at the business market, in the hope of ending the IBM PC's virtual stranglehold. To boost Macintosh sales, Apple has been offering dealers cash rebates as an incentive to slash prices...
...money supply rapidly enough to make it easy for the Government to borrow enough to cover the deficits. Quite the contrary, said Volcker, the board is already reining back on an expansion of the money supply it began last fall to pull the economy out of a brief slowdown. The Commerce Department announced last week that the economy had bounced back and then some, growing at an annual rate of 4.9% in the final quarter of last year, much faster than anticipated...
...growth rate dropped to 1.6% in the July-September quarter, but the slowdown came too late to have much impact on the election. Moreover, the Federal Reserve realized that it had been too stringent and opened up the money-supply spigot. That helped send the prime rate down to 10.75% by late December. In the fourth quarter, growth picked up to an estimated 2.8% pace. Concluded Commerce Secretary Malcolm Baldrige: "This year the economy came in like a lion and is going out like a lamb...
...last week. The Commerce Department estimated that the gross national product grew 2.8% during the fourth quarter. That so-called flash figure exceeded expectations that growth would be in the 1.5%-to-2.5% range. At the same time, Commerce underscored the sharpness of the third-quarter slowdown by adjusting its estimate of that period's G.N.P. gain from 1.9% to 1.6%. The Government also reported that the November consumer price index rose at an annual rate of 2.7%, the smallest increase since June. Meanwhile, Americans' personal income rose a vigorous .7% in November, while consumer spending climbed...