Word: slowdown
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...Inflation will run at an annual rate of 8% by next December, then slip to 7% by December 1980. A major reason for this slowdown is that the recent rate of price rises is unlikely to continue. In the first quarter alone, fuel jumped at an annual rate of 25%, and home financing, including mortgage rates, taxes and insurance, shot...
...surest way to ease the upward pressure on prices is an economic slowdown, and the TIME economists see signs of recession proliferating. In April, personal income rose by an anemic .3%, down from 1.2% in March. The real volume of retail sales has declined during most of the year so far, and car sales are falling. The index of leading indicators has dipped for three straight months. From March to April, industrial production dropped 1% and housing starts fell 2%. The nation's savings banks had a record net outflow of $1.1 billion last month. Since savings banks provide...
...trade unions, a potential source of trouble for any Tory government, especially this one, were given immediate attention, with a velvet glove. Last week 370,000 teachers continued their disruptive slowdown, postal workers threatened a possible walkout, and power workers were voting by mail on whether or not to accept a 9% pay offer already approved by their union bosses; a rejection could mean an early showdown with the government. Despite Thatcher's tough stand on the abuses of union power, her moderate Employment Secretary, James Prior, quickly convened back-to-back meetings with leaders of both labor...
Beer consumption is off for several reasons, including the sobering effect of tough laws aimed at curbing drunken driving, as well as the slowdown in the German economy that has forced 500,000 beer-loving, "guest workers" from Turkey and other countries to return home. Germans are also increasingly preoccupied with physical fitness, and the full belly that was once regarded as a sign of a healthy, jovial temperament is now seen as a sign of excess...
Feeding the fears is a flock of boomy indicators. In March unemployment remained relatively low, industrial production rose strongly and housing starts increased. Businessmen also have been building up then" stockpiles, raising the danger that in event of an economic slowdown later this year, they might be caught with big backlogs and forced to cut back severely, causing a deep economic drop...