Word: sluggish
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Heightening the feeling of unrest is the fact that the economy, despite prosperity, is turning sluggish. In the first six months of 1961, Britain lost $460 million in gold and currency, and economists warn that if the country is to support itself, exports must rise 10% per year over the next four years; the predicted rise for 1962 is only 4%. To make Britain's industry more competitive for foreign markets, the government instituted a "pay pause" for Britain's state-employed workers. Reason: in the first half of 1961, production rose only 2%, while wages jumped...
...last remaining soft spots in the U.S. economy are firming. After months in the horse latitudes, retail and auto sales are scudding along at a brisk pace. Last week came two new harbingers of boom: a sharp drop in unemployment and a pickup in the long-sluggish construction market...
...intelligent enough to acknowledge Mrs. Thirkell's leadership (like Nevil Shute and 'Miss Read') have always enjoyed the quiet success their sound judgment deserved; those rebellious Angries (like John Braine, John Wain and that lot) who have ignored her example have inevitably become eminently unreadable. Their prose becomes barren, sluggish and didactic; their characters tedious; and their plots angular or absurd...
...gouge brawl. On one side stood the avid discount sellers, who in the past six years have cornered nearly one-third of the nation's $14 billion-a-year department store trade; on the other were the old-line, fixed-price retailers. Hoping to juice up the sluggish trend in retail sales, each side is slashing into the other's territory as rarely before. In the process, the distinction between a discount house and a department store is getting harder to tell without a scorecard...
...CONSUMER SPENDING: Worried by the threat of unemployment-which is still running at a discouraging 7% of the workforce-Americans are spending only about 60% of their earnings on retail purchases, v. the traditional 62% to 65%. Store sales have been sluggish all year, fell again in July despite a rise in personal income...