Word: sluggishness
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Dates: during 1970-1979
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...worry about. According to increasingly concerned economists on both sides of the Atlantic, the outlook for the faltering economic recovery in Europe could be determined by how fast Carter moves to quicken the pace of American business. These experts fear that unless the U.S. helps to speed up sluggish global growth by adopting a more stimulative course soon, the entire industrialized world could fall into another recession. Such a downturn could well be hastened if, as expected, the Organization of Petroleum Exporting Countries boosts the world price of oil by 10% or more next month...
...similarities it bore to last year's Harvard-Penn contest were as weird as the men's room at Lamont--a sluggish game, that the Crimson dominated throughout, an injury to Jim Kubacki on a slick tartan surface upon which he claims he enjoys playing, a final score which doesn't quite do justice to Harvard's superiority...
...Congress will not-and so it will go. Indeed, the fight has already begun. Congress has raised Ford's proposed budget for fiscal 1977 from $394 billion to $413 billion, and the key budget committees have indicated they will lift the ceiling again if the economy is still sluggish after...
...correct that most economists, including Democrats, believe the recovery has run into only a temporary slowdown. Nevertheless, last week's figures were troubling. The real rate of growth in the gross national product slowed further in the third quarter, to 4%, which is good in normal times but sluggish for a recovery-and not enough to reduce unemployment. Some of the sting was removed by the news that inflation in the entire economy eased from 5.2% in the second quarter to 4.4% in the third, and housing starts in September jumped 18%, to an annual rate...
...Sept. 21, when the Dow average nosed up to 1015-a three-year high-stocks did not seem overpriced, as measured by their price-earnings ratios. Then, too, interest rates have been behaving, though less as a result of Federal Reserve Board money policies than as a consequence of sluggish loan demand. The prime lending rate charged by banks to businessmen, which stood at 7¼ last January, has bobbed up and down in a narrow range through most of the year...