Word: slowdowns
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Dates: during 1960-1969
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...addition, about two-thirds of the U.S. foreign aid grants are now "tied" to a requirement that they be spent on U.S. goods. The direct investments of U.S. business abroad are down from $1.6 billion in 1960 to $1.2 billion this year, partly because of the signs of economic slowdown in Europe. Meanwhile, past investments abroad are beginning to pay off handsomely, with repatriated dividends and profits rising from $2.8 billion in 1960 to $3.6 billion this year. Also helping is the Treasury's determined drive to firm up short-term interest rates to slow the flight of capital...
...particularly the six-nation Common Market-was the only major part of the world that substantially expanded its foreign commerce in 1961. Items: > Total world exports rose 4% last year to $131 billion, but the increase was far below 1960's spurt of 11%. Reason: a general slowdown in economic expansion. >Trade among Western European nations-up from $29 billion to $33 billion -accounted for two-thirds of the world increase in exports. European exports of the Common Market Six were responsible for half the world increase...
Other housing specialists expect a slowdown for a few years, then a surge in demand for apartments, as the big generation of World War II babies grows up, marries and moves in. Buyers and renters need shed few tears for the builders, who continue to earn a pretax return of 30% to 40% on invested capital. "The smart builder is still making a good profit," says Washington, D.C., Housing Consultant Robinson Newcomb: "It's only getting a little harder to become a millionaire...
...nation's economy is in fact a mixture that varies not only by industry but by region (see map). A business slowdown has been most evident in the long-established industrial regions, notably the great northern tier from New York to Wisconsin, where half the nation's budget for plant and equipment is spent...
...companies with excess capacity find little incentive to expand. Managers are also delaying decisions to spend until they learn whether Britain will get into the Common Market. (If Britain does not, her businessmen will probably decide to build plants on the Continent.) France is just beginning to feel the slowdown. Industrial production has risen 7-5% in the past year, led by the auto industry's 16% jump. But new orders have dropped. Partly because of a profits pinch resulting from a 20% jump in wages over the past two years, French private industry is delaying new investment...