Word: counteract
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...When consumer and corporate spending collapses, government should increase its spending to prevent a downward economic spiral. The real controversy comes with the next questions: Which government, and by how much? Economists at the International Monetary Fund have recommended globally coordinated stimulus spending of about 2% of GDP to counteract the recession. But so far, that challenge has only been accepted to varying degrees. As a group, European countries, including members of the G-20 like France and Germany, have proposed lower rates of stimulus spending, both this year and next, raising concerns at the White House...
...government, many see these actions as an abnegation of the company's duty to reasonably compensate their employees. Responding to the public's outcry about the AIG compensation disclosure, members of the House and Senate, along with the Treasury Department, have proposed a motley mix of measures seeking to counteract these bonuses...
...consumer--is drastically cutting back. Consumer spending in the U.S. dropped at a rate of 4.3% in the fourth quarter of 2008, the steepest quarterly decline since 1980. Because roughly 25% of Asia's exports ultimately end up in the U.S., the region's manufacturing powerhouses are helpless to counteract this crash. Trade among Asian countries is also plummeting, since much of this intraregional commerce is indirectly dependent on the West. A high percentage of Taiwan's trade with China, for example, is made up of electronic components shipped to Chinese factories for assembly into finished products that eventually appear...
...Japan's economy, the world's second largest, is contracting at the fastest rate among all developed nations. GDP growth in the last quarter shrank at an alarming annualized rate of 12.7%, Japan's worst showing since the 1974 oil shock. But instead of taking vigorous steps to counteract a worsening recession, Prime Minister Taro Aso is lurching from one embarrassing gaffe to the next, and seems in imminent danger of losing control of his Liberal Democratic Party (LDP) - and control of the government...
...woes have an obvious cause: the public perception is that his administration has failed to come up with strong enough medicine to counteract the country's increasingly dire economic plight. The world's second-largest economy shrank at an alarming annualized rate of 12.7% last quarter, its worst quarterly contraction since the 1974 oil shock. Exports also fell an unprecedented 13.9%, while the unemployment rate shot up to 4.4% in December, reaching levels not seen since World War II. "There is no doubt that the economy is in its worst state in the postwar period," said Economic and Fiscal Policy...