Slump
in sentence
221 examples of Slump in a sentence
Spain and France would need a ten-year slump, with annual inflation 2% lower than that of their competitors, to regain their competitiveness.
‘A boom not a
slump
is the right time for austerity at the Treasury’ said Keynes.
Prevalent among the reasons listed by those forecasting a continued
slump
in oil prices are some of the old usual suspects.
But how long is this likely to last with the US falling into a deep
slump?
Moreover, this scenario cannot take place before the
slump
has turned into a boom.
Japanese governments have tried to overcome the
slump
with Hansen’s recipes, issuing one Keynesian program of deficit spending after the other and pushing the debt-to-GDP ratio from 64% in 1991 to 171% in 2008.
Yet, as Figure 4 shows, the real appreciation led to a rapid collapse of China’s annual export growth, from above 15% (smoothed over three-year intervals) to elow 10%, and now to a financial
slump
as well.
Efforts to stabilize the international monetary system and end the global
slump
were set back by these diplomatic conflicts.
The interwar economic
slump
became intractable because it was also a crisis of social stability, democracy, and the international political order.
The biggest beneficiaries of the price
slump
will be the highly indebted, oil-importing countries of the eurozone: Greece, Italy, and Spain (Germany, too, is likely to benefit).
In attempting to predict which governments might face a similar fate this time, the basic criteria – in addition to the oil slump’s financial impact – are resilience and flexibility.
The rise in income and wealth inequality exacerbates the global saving glut (which is the counterpart of the global investment slump).
Moreover, a protracted cyclical
slump
can lead to lower trend growth.
This exacerbated the global savings glut and global investment
slump.
A cyclical
slump
reduced potential growth, and the reduction in potential growth prospects led to further cyclical weakness, as spending declines when expectations are revised downward.
But, given the timing of costs and benefits, such measures are especially unpopular if an economy is already in a
slump.
Monetary stimulus was often compared to an illegal performance drug, which would produce a brief rebound in economic activity and asset prices, inevitably followed by a
slump
once the artificial stimulus was withdrawn or even just reduced.
As the now ten-year-old Japanese
slump
tells us, once deflation and contraction have established themselves, standard policies stop working.
In Europe, monetary caution, self-imposed fiscal constraints, and the Euro's appreciation all lead to clear dangers: deflation and a prolonged
slump.
What if there is no sustainable recovery from the economic
slump
of 2008-2013?
Most people agree that this could happen at the depth of a
slump.
First, the US is experiencing its worst housing recession since the Great Depression, and the
slump
is not over.
And, in key markets around the US, four years into the housing slump, home prices continue to fall.
Austerity might have worsened the
slump
temporarily, but it did deliver fiscal sustainability without permanent damage to the economy.
Indeed, Latvia was particularly hard hit by the
slump
in global trade in 2008-2009, given its dependence on exports.
With no path to growth, the creditors’ demand for an eventual 3.5%-of-GDP primary surplus is actually a call for more contraction, beginning with another deep
slump
this year.
And, as we have seen in Greece, implementing structural reforms without accommodating demand impulses could lead to a deflationary
slump
or worse, thereby undermining the public’s willingness to continue on the reform path.
Meeting America’s Growth ChallengeBERKELEY – The United States continues to recover from its deepest economic
slump
since the Great Depression, but the pace of recovery remains frustratingly slow.
The first thing to notice is that, as a result of the slump, capacity utilization is lower than it was 15 months ago: global output has declined by roughly 5% since 2008, and developed-country output by 4.1%.
Japan’s productivity
slump
permeates the entire economy; labor and capital productivity gains have nearly stalled in almost every sector – even in Japan’s signature advanced manufacturing industries.
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