Word: slowests
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Dates: during 2000-2009
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...jour, but on the economy itself. All over the world, indicators are flashing red. American consumer confidence and spending have plunged. China's Guangdong province, the boiler room of the global expansion earlier this decade, recently reported its economy in the first nine months of 2008 grew at the slowest pace in 15 years. Most of the G-7 economies have already experienced one quarter of negative growth and will likely experience a recession. Small emerging economies are under serious strain as they seek International Monetary Fund bailouts...
...development. In the season that just ended drivers were required to do without the hugely expensive computerized traction-control systems that make cornering easier and racing more boring. Such rule changes have boosted competition in the last five years by helping to narrow the gap between the fastest and slowest cars by two to three seconds. Now the global financial crisis has added a new sense of urgency to organizers' efforts to make racing more competitive. The current setup, with big teams depending on "massive handouts from their parent companies" and small independent teams relying on "the goodwill of rich...
...China policy can do to significantly bolster Taiwan's economy in the face of the global financial crisis. The economy is highly dependent on exports, especially of electronics, to the U.S. and elsewhere. Taiwan's export orders grew only 2.8% in September from a year earlier, the slowest pace since 2002. The consumer confidence index in October dropped to the lowest level since monthly surveys were first conducted...
...that not even the world's fastest-growing major economy can avoid a pronounced slowdown. Any remaining hopes to the contrary were dashed recently when China's National Bureau of Statistics released the country's latest economic data: in the third quarter, GDP growth had slipped to 9%, the slowest quarterly pace since 2003. Meanwhile, estimates for 2009 growth are being slashed to as low as 8%, which would be a dramatic deceleration from last year's 12% rate and would rank as China's worst results since...
...There may be little hope, however, of avoiding the next stage of the global financial crisis: dramatically slower economic growth. The surprising speed at which Asia's economies are decelerating was made clear in China's third quarter GDP figures, released Monday. At 9% growth, China experienced its slowest quarter since 2003. The State Council over the weekend issued a policy statement in which the government promised to provide economic support through greater infrastructure spending, and by offering tax breaks to help small companies and the sagging property market. As the global financial crisis unfolds, the role Asian governments play...