Word: slumping
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Brad Park, Rick Middleton and Ray Bourque also scored for Boston as the Bruins broke out of their worst slump since the 1966-67 season...
During his campaign stop in slump-plagued Youngstown, Ohio, last week, Jimmy Carter pointed to a batch of upbeat statistics and happily assured a group of steelworkers that the battered U.S. economy is "recovering very well." But only four days later, and with little more than a week remaining in Campaign '80, the Government itself reported a shocker that was sure to keep the President's economic stewardship a prime concern of voters on Nov. 4-and push inflation squarely onto center stage again as the nation's No. 1 problem...
...unemployment picture has also begun to brighten. Normally, jobless rates continue to climb for many months after a slump bottoms out. But unemployment in the current downturn eased from a July peak of 7.8% to 7.5% in September, the lowest since April. Meanwhile, Commerce Department figures show that the economy as a whole expanded at an annual rate of 1% during July, August and September. Whether or not that poky growth can be taken as proof that the recession has passed, it does represent a sharp turn-around from the previous three months, when the nation's output...
...economy stands in ironic contrast to the similarly unsettled conditions that prevailed during Carter's first presidential drive in 1976. At that time, the immediate outlook suggested not the illusion of stable recovery and growth that now prevails, but an equally unreal threat of an approaching slump. Indeed, economists who worked for Gerald Ford at the time complain bitterly that misleading and later revised figures for August, September and October 1976 may have cost him the election by allowing Carter to warn of an imminent downturn under the Republicans. In fact, within three months after Carter's Inauguration...
...money soared; the prime rate for leading corporations rose from 15¼% to 20% by last April. The money supply then dropped precipitously, actually declining at an annual rate of 2.4% during the spring. At the same time, economic output dropped at a 9.6% annual rate, its steepest quarterly slump on record. Then in the summer, the Fed reversed course and began frantically pumping up the money stock. In the past three months, money growth has exploded at a 16.8% annual pace, and interest rates tumbled to a low of 11% in late July...