Word: slowdowns
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...tens of thousands of passengers were stranded for up to five days at Europe's airports last week. Many Americans traveling to Europe on cut-rate flights found that there were not enough bargain seats to accommodate the heavy crush heading home. Others were held up by a slowdown of 2,500 French air traffic controllers. Their action snarled traffic across Europe, but the worst congestion was in Britain and France...
...liquor. Complained Frank North of Portland, Ore.: "The people at the counters won't even tell me what time the planes might leave. If I knew that, I could at least go into Paris and spend the day." At week's end, the air controllers suspended their slowdown while negotiations with the government continued. But if agreement is not reached soon, the chaos could well resume...
...current quarter and 2% or 3% in the fourth?partly because the recent pace just cannot be sustained, partly because inflation will weaken the economy. Real G.N.P. is expected to be essentially flat in the first half of 1979. It is anyone's guess whether the slowdown will fulfill the definition of recession: two straight quarters of decline in real G.N.P. and mounting unemployment...
There are two catches. First, this unexciting prospect is a best-case vision. It would take only minor errors by the Federal Reserve, the Administration and/or Congress to produce recession, an accelerating inflation or both. Worse, even under the moderate-slowdown script, inflation will simmer down only very gradually because it has become so deeply embedded in the economy...
...trick is to keep a slowdown from becoming a slump