Word: slump
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That is good news for the entire world. Even with the U.S. well into its recovery, the slump in Japan and Europe has dragged down the global economy, hurting demand for raw materials and other export goods from developing countries. But last month the Organization for Economic Cooperation and Development (O.E.C.D.) reported that it was revising upward its 1994 growth estimates for Germany, the powerhouse of the European economic engine, from 0.8% annually to 1.8%. The organization now predicts the Japanese economy will expand 0.8% in 1994 -- last year it grew 0.1% -- and the European Union 1.9%, vs. a drop...
Harvard went on to win its first five games before it hit a mini-slump (2-3-1) from the end of November through mid-December...
...Dominic had a good start for us but falteredlate, and Tommy was in the kind of slump that lotsof second-year players have," Flyers GeneralManager Russ Farewell said. "[Israel] is a reallygood prospect, and although I would have to expecthe'll start the year in Hershey, he'll have achance at the big-league camp to prove himself...
Fighting the weather and a prolonged slump, the Harvard baseball team went 1-3 against Dartmouth over a long home-and-away weekend series...
...California the agricultural Central Valley is doing fine, but the Los Angeles area is barely beginning to steady after a deep slump. In Florida, Bob Dickinson, president of Carnival Cruise Lines, happily reports that advanced bookings for spring and summer travel are up 30% from a year ago. But Dick Holmes, a retired autoworker living in St. Petersburg, and his wife Glady find their earnings on CDs and savings accounts barely keeping up with inflation. Says Holmes: "We've kind of fallen in love with Taco Bell. We go there instead of the Olive Garden or Steak and Ale, which...