Word: upturns
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Worse, there are only faint and flickering signs of revival in most nations except for the U.S. and, to a lesser extent, Japan. Economists generally do not expect any real upturn in European business until mid-1976-and they worry that even then the recovery may be so weak that, in the words of OECD Secretary-General Emile van Lennep, "it would not gather momentum and might peter out." One reason: the recession has pushed the volume of world trade 10% below the 1974 level, the first decline since World War II. The drop has a vicious-circle effect...
...even more important topic, U.S. officials are bracing themselves to resist some polite arm-twisting by the Europeans, who believe that a fast U.S. upturn would mightily help to lift other economies out of recession by increasing American demand for imports. Giscard, Schmidt and other leaders are particularly interested in persuading Ford to avoid any actions that might slow down the U.S. economy, such as letting New York City go bankrupt, cutting Government spending or allowing interest rates to rise. Their entreaties will get a sympathetic hearing from Ford, but nothing else. Administration policymakers assert that they cannot make critical...
Despite the upturn, no one in Detroit believes that the nation's largest industry is really back in high gear. November production schedules are conservative, amounting to the lowest in 16 years...
...startlingly bright third-quarter showing clearly improves its chances of borrowing needed capital. The airline recently arranged a two-month extension of its current $125 million credit agreement with 36 banks, and it is now asking them for a new commitment of about $100 million. The July-September upturn also means that Pan Am is no longer dependent for its survival on a proposed $300 million investment by Iran. Indeed, if currently stalled negotiations to get Iranian cash resume, the airline will have the leverage to bargain for better terms than those the Shah offered early this year...
...percent, to as much as 9½%. For the overall economy, the implications are disturbing. Forecasters did not expect the housing industry to lead the nation out of recession as it has in the past, but their predictions of continuing recovery nonetheless assumed a modest and gradual housing upturn that now may not happen...