Word: upturn
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Dates: during 1980-1989
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...near future, economists are hopeful that the recovery will stay on course. "We have an economy that is bursting with energy," says Allen Sinai, a senior vice president of Data Resources, an economic forecasting firm. A new crop of 3 Government reports indicated last week that the strong upturn is continuing. U.S. industrial production rose 1.1% in June, the seventh monthly increase in a row, while June retail sales gained .7%. Says Walter Heller, chairman of the Council of Economic Advisers under Presidents Kennedy and Johnson: "A percentage point increase on the interest rate would not abort the expansion because...
...Federal Reserve decides that the money supply is growing too fast and slams on the brakes, it could halt the young recovery, which has been under way only since the beginning of the year. In some ways, that economic upturn is stronger than anticipated. Retail sales in May rose 2.1%, their strongest rise in months. But the recovery's true breadth and depth are as yet unshaped. Unemployment is down, but only slightly, to 10.1% of the U.S. labor force, and the 10.1% of the U.S. labor force, and the layoffs...
Here and there around Mexico, other signs of an economic upturn can be seen. The clampdown on foreign goods, for example, has worked. Imports are down 70%, running at $4 billion below targets. That has helped create a balance of payments surplus of $3.4 billion vs. a $708 million deficit for the same period last year...
...professor of health services administration at Johns Hopkins. Brenner has found that over a period of about 25 years beginning in the late 1940s, for each 1% increase in the national unemployment rate, there were 1.9% more U.S. deaths from heart disease and cirrhosis, 4.1% more suicides, and an upturn in the number of first-time admissions to state mental health facilities (up 4.3% for men, 2.3% for women...
...nation's economy continued to recover from its deep recession, as shown by a modest 3.1% upturn in the gross national product in the year's first quarter. President Reagan's popularity, which had been slipping for two years, finally rose slightly in one national poll. And on the South Lawn of the White House, Reagan signed a bipartisan bill designed to rescue the Social Security system from bankruptcy. Said he: "Our system can still work when men and women of good will join together to make it work...