Word: slumps
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Dates: during 1970-1979
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...severe will the slump be? TIME'S economists figure that, from this autumn's high to next year's low, the G.N.P. will decline a total of about 2.4%. That would be much less than the 5.7% plunge...
...recycling, has pushed up the debts of the less developed nations to $300 billion. Many nations are so weighed down with debt that bankers are growing wary of lending them more. Yet if they cannot borrow, poor countries will have trouble importing more oil. Without energy, their economies will slump, exports will shrivel, and they may default on existing loans. At the extreme, that would threaten some of the lending banks with failure, and the U.S. Federal Reserve would have to push the money printing presses into overdrive to bail them out by advancing huge loans to the banks. Such...
...billion could flow into the country within 13 months after the final lifting of sanctions. Local whites are now talking less of emigrating and more of enjoying the benefits of the anticipated economic boom. They are raising the prices of their elegant colonial houses once again after a prolonged slump. One example: a $50,000 house in the Salisbury suburb of Highlands, whose value had dropped to $30,000 within the past year, is now selling for $60,000. But some whites take a dimmer view of the future. Says a Salisbury businessman: "The whites are living in a cuckoo...
Some of Chrysler's deficits result from the high cost of meeting clean air standards and fuel efficiency requirements. But it was the gas shortages of last spring that triggered Chrysler's ruinous 1979 sales slump (indeed, recently Ford and General Motors have also been losing money on their U.S. operations). Yet the fundamental problem has been poor management; Chrysler has consistently failed to come up with enough models that sell well, and its share of the U.S. auto market has slumped from 14% three years ago to 11% now. The firm's total indebtedness, including that...
...slump has slipped, but it is still...