Word: reals
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Dates: during 2000-2009
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...talk itself out of the worst recession since the end of World War II. The good news is that there is a slowing in the rate of deterioration in the global economy. The tougher news is that this is hardly surprising. In the aftermath of unprecedented annualized plunges in real global GDP on the order of 6% to 7% in the fourth quarter of 2008 and the first quarter of 2009, the pace of deterioration almost had to moderate...
...Little wonder that in the aftermath of a record contraction in U.S. consumer spending in late 2008 - 4% average annualized declines in the final two quarters of the year in real terms - every major economy in Asia either slowed sharply or tumbled into deep recession. More than ever, the region's fate remains made in America...
...This is where hopes of an Asia-led rebound are most tenuous. After a dozen years of excess, the overextended American consumer is tapped out. The "green shoots" crowd - those believing global recovery is nigh - drew special encouragement from a 2.2% rebound in real U.S. consumer expenditure in the first quarter of 2009. That encouragement is about to be dashed. Outright contractions in retail sales in March and April point to a renewed decline of at least 1% in real consumption in the current quarter...
...machines and other appliances that had been left behind.) Some come in search of academic items, others the purely recreational. This month, for example, a teen walking past a collection site for discarded goods at Princeton University picked up a toy gun that soon afterward was mistaken for the real thing, setting off an emergency response that resulted in a half-hour campus lockdown. (See TIME's photos from a public boarding school...
...real victim in George Tiller murder turns...