Word: slumps
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Dates: during 1970-1979
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Measured by the rate at which production will rise, the U.S. economy's recovery from its worst slump since the 1930s will be swift. But business has fallen to such low levels, and has so far to climb back, that even a vigorous upturn will leave unemployment dismayingly high through 1976. That is the consensus of members of TIME'S Board of Economists, who assembled in Manhattan last week to discuss, among other key issues, the probable course of the nation's bounce back from recession. Board Member Arthur Okun sums up: "The rate of growth...
...Slower Slump. To a man, the economists agree that the recession is nearing its end-although the rebound is not yet at hand. Production will probably continue drifting down through the spring, making the current quarter the sixth straight in which output has declined. Underscoring that prediction, the Government reported last week that industrial production fell again in April by .4%, which represents a marked slowdown from the 1.3% decline in March...
...here, which means that by 11:30, hunger begins to rival academic curiosity. Animal appetites often prevail, so that the weak begin trickling out around 11:50, hoping to beat the rush at lunch. Students with 12:00 classes either desert outright or file glumly into their classrooms and slump deeply in their chairs, glaring at the professor as if to say, "This lecture had better be good...
...when the economy seemed headed for a real slump, Schmidt and Finance Minister Hans Apel took the brakes off credit and then at the end of the year shifted into a full reflation program. If their projected Aufschwung (upswing) does come this fall-and especially if now returning consumer confidence puts some of the nation's huge personal savings back into circulation-the revival of the giant West German economy will give all Western Europe a big boost toward recovery...
...Mack, along with her crew, Ruth Brandler, sailed one of her best races of the season, taking three firsts and two seconds in the B division. In the A division, Marie Roehn came out of a slump by the end of the meet and finished the last two races to take a second and a first place...