Word: sluggish
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...most Administration economists, calculate a growth rate of 2.6% for 1990, but a consensus of 52 economists surveyed by the Blue Chip Economic Indicators holds that the economy will grow at a rate of less than 1.5% during the final half of the year and at about the same sluggish pace in 1990. Says Norman Robertson, chief economist at Pittsburgh's Mellon Bank: "The slowdown is now a reality. It has arrived." Two out of three of the Blue Chip forecasters expect that the economy will fall into a recession by sometime next year...
...Cray Research, meanwhile, has had other troubles. Sales are sluggish, profits are down and its stock price has plummeted. With R. and D. expenses growing nearly 35% a year, Chairman John Rollwagen found himself having to choose between two projects: the Cray-3 and the C-90, an extension of the company's bread-and-butter Cray Y-MP line...
Harvard was sluggish coming off an 18-day layoff because of exams...
...during the first four months of the year are taken into account, wholesale prices are still zipping upward at a rapid 9% annual rate. The conflicting trend lines -- down in retail sales, up in producer prices -- heightened concerns about a return of 1970s-style "stagflation" -- spiraling inflation combined with sluggish economic growth...
Wall Street gave the report a mixed reception as economists debated whether the figures foreshadowed merely sluggish growth or a genuine recession. Bullish investors initially set off a rally Friday on the assumption that inflation might no longer be a danger and the Federal Reserve Board would soon allow interest rates to fall. But fear of a slump took hold later in the day, sending the Dow Jones Industrial Average to 2381.96 at the closing bell, down 2.94 points for the day and 36.84 for the week...