Word: slumping
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Dates: during 1980-1989
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...from 6.2% the month before, and new orders received by manufacturers rose 3.6% in January. Those reports only intensified a paradoxical fear among bankers, economists and even some politicians. They worry lest the Administration's policies will not bring a recession this year. In their view, only a slump can curb inflation; if it does not occur, and prices keep skyrocketing, the economy may be headed for a real bust later. "The figures show that we are still probably not in a recession," said Texas Senator Lloyd Bentsen, chairman of the Joint Economic Committee, with disappointment clearly audible...
...next year. Businesses cut capital spending by 3% last year and will drop it another 10% this year. The 1979 current trade deficit totaled $5.5 billion, vs. a 1978 surplus of $1.5 billion. The British Treasury, in a gloomy report, now suggests that this year's projected economic slump will be even worse than the 1973-74 decline...
...Fighter X-port" comes on the heels of the grain embargo to the Soviet Union and the OPEC price increase. The arms trade has become an essential part of our export business, without which the U.S. would face a serious balance of trade deficit and a severe economic slump in 1980. While the OPEC price increase adds a few billion dollars to the import side of the ledger, the grain embargo reduces export revenue by another few billion dollars, adding to an already large ($30 billion) annual shortfall. Now the nations of the world may not want American steel, American...
Crimson center Elaine Holpuch revived from a recent slump and contributed 14 points and 16 rebounds to the cager cause. Holpuch didn't have an easy time of it, as she was matched step for step by the Tiger's over-sized center Carol Puza. Puza was unstoppable from inside the Harvard zone, banking in 19 points...
...born-again Christian, Fleming attributes his comeback from a mid-season slump to "praying to God and trusting in Him," and Fleming's play has made the difference of late. Allen offers a less transcendental explanation of the Fleming renaissance: "He's playing his type of game again, working inside, shooting well. He's really been doing what we expected all along...