Word: slowest
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...rate from the 9% of a year ago. Despite all that, it was far from being a bad year for business. The U.S. continued to be prosperous; its economy, the abundance of which mankind holds in awe and envy, simply fell short of optimistic expectations. Western Europe experienced its slowest economic growth in a decade-but growth, however slow, remains growth. As William Butler, vice president of the Chase Manhattan Bank, puts it: "Never have so many had it so good and felt so badly about...
Economic torpor this year has gripped not only Britain but also much of continental Europe. Braked by West Germany's first major postwar recession and by sluggish business in France, the Common Market is headed for the slowest expansion in its ten-year history. In its third quarterly report, the Brussels-based EEC Commission has just concluded that the total output of goods and services in the Six will rise only 2½% in 1967, after discounting inflation...
...nations in the world marketplace. Only then does it earn enough income to buy the things it imports. For most of the postwar years, Britain's productivity has failed to keep pace with that of its competitors. Among the major industrial nations, Britain since 1951 has had the slowest rise in productivity, the lowest rate of investment in private enterprise and the largest rise in its export prices. In its case, the equation is doubly exacting; poor in natural resources, Britain must import much of its food and the raw materials for the goods it makes...
...Auto companies, although the third quarter includes annual shutdowns for model changeovers and is normally the slowest quarter of the year, showed a surprising rebound. G.M., on sales of $3.77 billion, up 15%, reported a quarterly gain in income of 49%, to $149 million, because of a shorter changeover period in which the new models were tooled up. Chrysler earnings were $26.8 million v. $6,500,000 last year on a rise in sales from $1.1 billion to $1.3 billion; the increase in profits came about because of the earlier start on new-model production, economies ordered by Chairman Lynn...
...There is no clear explanation for this finding," said Rosenthal, "but we can speculate that the teachers' pre-experimental expectancies of the more Mexican-looking boys' intellectual performances were probably slowest...