Word: sluggishness
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Dates: during 1980-1989
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These nations and many others are in a financial bind partly because they are dependent on exports to the U.S. and those shipments have been slowed by the American recession. In turn, sluggish growth overseas has hurt American export industries. Two-way trade troubles have thus created a self-sustaining downward spiral that is difficult to stop...
Okita believes that Japan nonetheless will double its growth rate, to 5%, by the end of 1983-but only with an upturn in the sluggish Western economies. Said Okita: "Japan cannot remain an island of prosperity in an ocean of recession...
...home, Andropov faces an economy plagued by mismanagement, low labor productivity and sluggish technological progress. The economic growth rate has been steadily declining, and food shortages are growing more acute...
...nation is racked by the highest unemployment rate in 42 years. Recovery remains elusive, as was demonstrated by last week's economic news, a maddeningly familiar mixture of plus and minus signs. The pluses: lower interest rates, higher housing starts, more stock-market exuberance. Big minus: very sluggish production. The Congress to be chosen next week will have to decide how to trim gargantuan budget deficits that threaten to choke off the recovery whenever it does come...
...crime was a distant second at 22%. The Democratic state committee is distributing a newsletter labeled the "Reagan Recession Watch" to every Democrat running for any kind of office in California and to 60,000 party activists. It is crammed with doleful statistics on unemployment, falling business investment and sluggish consumer spending...