Word: slowdowns
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Dates: during 1970-1979
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...moved into the White House, investors began moving out of the market. As the slide has continued, Wall Street has begun to look more and more like a bargain basement just waiting for shoppers. Last week they came pouring in, driven by random pieces of upbeat economic news (a slowdown in the growth of the money supply, a hefty increase in industrial output during March, a firming dollar overseas) as well as a juicy-though unfounded-rumor that Exxon Corp. had struck oil off the New Jersey coastline. In addition, there were reports that President Carter was considering reducing...
Such actions are badly needed. The turbulent monetary markets and a rise of protectionism are already causing a serious decline in the volume of world trade. According to new figures released by GATT in Geneva, world trade grew only 4% in 1977 (v. 11% the year before), and the slowdown is continuing...
...committing their companies' money to job-creating research, development and plant-expansion projects? Members of TIME'S Board of Economists, who gathered in Manhattan last week, found the answer in a whole series of concerns-about persistent inflation, rising interest rates, the widespread expectation of an economic slowdown late this year or in 1979, the threats of energy shortages and increasing Government regulation. Their rather chilling conclusion: strongly as the economy is performing now, the longer-term risks are genuine and serious enough to justify the executives' considerable caution...
...monumental 1976 trade deficit of $6 billion was more than halved last year, while the 1977 balance of payments produced a $2.3 billion surplus. But this was accomplished by imposing stiff credit restrictions and astronomic lending rates of up to 22%. The result: a further slowdown in business activity...
...market in distress, the economy will be Carter's sternest trial and the main focus of his policies this year. The $25 billion tax cut that he will propose this month is designed to revive business confidence, spark more spending on plant and equipment and head off a slowdown in growth that many economists expect late in 1978. Meanwhile, inflation shows signs of moving up again, fueled partly by measures that Carter either initiated or supported, including higher farm price supports and a steeper minimum wage...