Word: upturn
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Dates: during 1990-1999
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CREDIT: [TMFONT 1 d #666666 d {Source: U.S. Dept. of Commerce}]CAPTION: A SOLID UPTURN...
Secretary of Commerce Barbara Franklin called the figures "a good present for us to leave to the new Administration." And there really were indications that the economic upturn George Bush had so often promised had finally begun -- just in time for Bill Clinton to reap the political benefit. Gross domestic product leaped up at an annual rate of 3.9% in the third quarter, returning total output of goods and services to the pre-recession pace of mid-1990. Strong increases were registered by consumer spending, business investment, orders for durable goods, sales of existing houses and consumer confidence, while...
Ministers accept that the recovery will be slower than they had hoped and maintain that Britain's economic problems are part of a global recession. While John Major's new year message is expected to be cautiously optimistic, senior colleagues want to avoid giving the impression that the upturn [will be dramatic]. Philip Webster The Times of London, December...
...reading says the economy is not picking up to anything like a normal recovery," says a Clinton economic adviser. At the same time, he adds, "the likelihood of a sharp downturn or a sharp upturn is small. We're not suddenly going to grow at 6% or shrink by 2%. I see absolutely no evidence for a return to a technical recession...
...lead in the polls during the Democratic Convention. Bush helped Clinton by handing his own convention over to right- wing extremists and by running a clumsy, unfocused campaign until he hit his stride in the final weeks. Perhaps the greatest stroke of luck for Clinton is that the economic upturn that could have buried his candidacy never materialized...