Word: sluggishly
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...still softer exports as causes for concern. Traditionally, some 30% of French exports go to the Organization of Petroleum Exporting Countries and other developing nations where lower oil revenues and large debt loads have sharply curtailed purchasing power. As a result, France's export earnings are bound to suffer. Sluggish growth may nudge up unemployment from 10.6% to 11% this year, Chevalier said...
Faced with sluggish economic growth and a mounting trade deficit, both Congress and the Reagan Administration hope to improve the nation's long term economic fortunes by sending more money to universities this year and in the near future. The administration is counting on technology developed in the ivory tower to provide America with an edge in foreign trade...
...tide of imports has badly hurt domestic production. Along with its fourth-quarter figure, the Commerce Department announced last week that growth in the gross national product was a sluggish 2.5% in 1986, the lowest rate since the 1981-82 recession. The slump in the dollar's value, though, could prove to be less than a cure for that malaise. As the dollar falls and import prices rise, U.S. inflation could be rekindled. That in turn could lead to an increase in U.S. interest rates, which would hardly stimulate the economy and might blight the stock market's further advance...
...year's end, they owed thanks once again to the Fed. "There is a lot of fresh money in the marketplace," said one happy Wall Street broker last week -- and Volcker's current policies get much of the credit for its presence. For months, the economy's relatively sluggish growth has stirred fears of recession, and that in turn has spurred the Fed to allow the money supply to expand rapidly. Interest rates have thus continued to fall, and investors seeking a healthy return have turned back to stocks. Says Sam Nakagama, president of Nakagama & Wallace, a Wall Street consulting...
More and more economists and Congressmen believe the current Gramm-Rudman target for fiscal 1988 is unrealistic and needs to be revised. If Congress made too drastic a cut in the deficit, they argue, it could throw the sluggish economy into a recession. Says C. Fred Bergsten, director of the Washington- based Institute for International Economics: "I don't think anybody believes that it is either possible or desirable to meet the Gramm-Rudman target." Admits Chiles: "There is nothing magic about $108 billion. But I think you have a problem if you abandon it without something better...