Word: slumping
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Dates: during 1950-1959
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Retailers, who gloomily saw sales slump a month ago, last week had plenty to cheer about. A last-minute burst of holiday shopping wiped out losses of early December. Last week's sales, said the Federal Reserve Board, were so "extraordinarily good" that they boosted December's retail total to 1% or 2% above the 1956 record...
...killed thousands of Communist insurgents in nine years' fighting, and recently stepped-up campaigns have resulted in mass surrender of rebels. Citizens may now travel, safe from guerrilla raids, in all but the most mountainous parts of the country. Strapped for foreign exchange as a result of a slump in rice exports and now-regretted barter deals with Communist countries, Burma has lately made some gains with its economic expansion program, though it still suffers direly from severe inflation (a 200% increase in the cost of living since...
...bounce back may be even faster. For better or for worse, defense spending will quickly provide new thrust for the lagging business pace. Beyond, there is the many-sided U.S. economy, in which a fall in one industry is often balanced by a rise in another. Autos may slump next year, but the enormous highway program, which started slowly in 1957, will pick up momentum, producing new demands for men, machines and materials in 1958. Railroads are down, but housing has already had its recession and, since it was on the way up at year's end, should pick...
...growth country, the predictions are for growth, despite a recession in the early months of 1958. The gross national product will probably rise at least $1 billion. Technically, the economy will "recede" or move sideways. But if recession is defined even in the mild terms of the 1953-54 slump, it will still be a gold-plated recession. At that time, gross national product dropped by $6.3 billion; industrial production dipped 15 points on the FRB's index, more than most economists foresee for 1958; unemployment then rose to 5% of the labor force, not the 4.5% estimated...
...SALES SLUMP, because of price war among the ballpoints, is causing Eversharp Inc. to sell its pen and pencil divisions, concentrate on safer safety razors and blades. Ever-sharp board has approved sale to Parker Pen Co., and Parker will probably agree, as it is eager to add Eversharp's foreign business to its own burgeoning overseas operation...