Word: slowdowns
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Dates: during 1990-1999
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...think, a tragedy, and no more the occasion for retrospective moral judgments than any other biographical canvas should be," Guralnick writes, switching quickly from slowdown to full stop. "I know of no sadder story." Any of the black bluesmen Guralnick loves and writes about so well could tell him a dozen before a dropped dime hit the floor. But no bluesman, and few entertainers of any kind, has managed to achieve the sheer dimension of Presley's story. Just as Elvis' girth fascinated fans and the press during his last, misbegotten years, so too it is the outsize scale...
...crisis is passing a rather modest turning point. At least it has stopped getting worse, and it may be contained in Asia rather than spread to other regions of the globe. As one happy result, odds favor the U.S. economy's getting through 1999 with nothing worse than a slowdown in growth--not the recession very recently feared...
...services cheaper in other countries and imports more expensive here. But those effects might not be felt for three or four years--certainly not in 1999. Next year, members of the TIME board say, the worsening deficits will exert enough drag on the U.S. economy to produce, finally, the slowdown so long forecast...
Reaser does expect a slowdown in 1999, to a growth rate between 2% and 2.5%--probably closer to the higher figure. But she sees only a 20% chance of recession, vs. the fifty-fifty odds some economists were quoting as recently as September. She expects a leveling off in housing and a decline in nonresidential construction, as well as "a widening of the trade gap," but thinks they will be largely offset by further gains in consumer spending, business investment in information technology and "some increase in government spending." Profits of companies whose stocks are included in the Standard & Poor...
...slowdown that does not turn into a recession, Bergsten warns, is still likely to lead to "a very significant increase in U.S. trade protection." Even a modest slowing of output and rise in unemployment, he fears, will be widely blamed on cheap imports. The Clinton Administration may give in to protectionism to please the AFL-CIO, which it is " beholden to" for the Democratic successes in the November elections. Hormats voiced fears that protection is all too likely to win support from the Republican right, now a stronghold of economic nationalism, as well as the Democratic left, creating a strange...