Word: slowdowns
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Dates: during 1970-1979
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...reason the ship stayed in Luanda so long was a dockworkers' strike and slowdown, a final revolt against the coerced labor Angola has exploited for hundreds of years. When slavery was finally abolsished in the 1870's, it was replaced with a labor code which allowed the government to force anyone who did not have a steady job--always Africans--to sign a six-month contract with employers who had asked the government for workers. Village life was destroyed since men weren't there for six months out of the year and were often shipped to other parts of Angola...
...rebound is not yet at hand. Production will probably continue drifting down through the spring, making the current quarter the sixth straight in which output has declined. Underscoring that prediction, the Government reported last week that industrial production fell again in April by .4%, which represents a marked slowdown from the 1.3% decline in March...
...below its potential that for at least the next 18 months or so, a rekindling of inflation need not be feared. They are concerned about inflation from a different aspect: they believe that the savagery of the recession and the subsequent drop in demand should have forced a sharper slowdown in the rate of price increases than has, in fact, occurred. Businessmen, they suspect, are refusing to cut prices partly because they want to keep profit margins up, partly because they do not think that price cuts expand sales in a modern economy-even though they are supposed...
CANADA has so far weathered the economic storms better than most of the industrialized world because, as a major producer and exporter of oil, it benefited from the rapid rise in world prices. Yet now consumer demand is flagging, a rash of strikes is cutting into production and a slowdown in world trade has widened the country's balance of payments deficit from $425 million in 1973 to $1.8 billion today; some experts believe that it will hit $5 billion by year's end. Though the government still predicts a 4% gain in Canada's output...
Among other signs of a slowdown in the economy's decline...