Slump
in sentence
221 examples of Slump in a sentence
Whereas Germany’s unemployment rate is now a bit lower than in the last boom, the French rate is significantly higher than in the last
slump
(2004-2005).
In 1992, John Major ran for re-election in the midst of an economic slump, a vicious monetary squeeze and the aftermath of a rapid inflation.
Europe's
slump
in the 1980s was longer and deeper than America's.
But public investment, too, has fallen below pre-crisis expectations, aggravating rather than ameliorating the
slump
in private investment.
Many forecasters currently believe that there is a significant probability that the economy will
slump
during the next 12 months – a “double dip” in the expansion process.
The statement, “If we all saved more in a slump, we would all be better off,” is absolutely false.
While some observers still fret about inflation risk, others are concerned that the usual monetary transmission mechanism is not working, and that the US could face a Japanese-style “lost decade,” while others worry about a 1930’s-style
slump
in the industrial countries.
Cutting a deficit in a
slump
could never cause a recovery.
The
slump
had been created by fiscal extravagance, they insisted, and therefore could be cured only by fiscal austerity.
Any Keynesian knows that cutting the deficit in a
slump
is bad policy.
A slump, after all, is defined by a deficiency in total spending.
The moral of the tale is simple: Austerity in a
slump
does not work, for the reason that the medieval cure of bleeding a patient never worked: it enfeebles instead of strengthening.
This
slump
may be inevitable, but it can be mitigated.
Prolonged
slump
imposes not only mass unemployment, but stagnant wages, increased poverty, and rising inequality.
Because Europe has been profoundly afflicted by its slump, the change in policy regime will take time for the Continent’s economy to get wind in its sails.
To mitigate the effects of a US recession and global economic slump, the Fed and other central banks should be cutting rates much more aggressively, rather than relying on modest liquidity injections that are bound to fail.
The electorate is experiencing the greatest
slump
since 1929 like a bad dream that is half over – and politicians don’t want to wake them up.
But favorable economic indicators have made little difference to the standing of Cameron’s Conservatives in opinion polls, and have done nothing to save their coalition partner, the centrist Liberal Democrats, from a severe
slump.
With China continuing to record spectacular growth while the advanced economies were experiencing a deep slump, China’s exports, relative to imports, had nowhere to go but down.
Nor was Keynes in favor of uninhibited fiscal stimulus, regardless of economic conditions; rather, he argued that “the boom, not the slump, is the right time for austerity at the Treasury.”
The post-2008
slump
merely exposed the unsoundness of the preceding boom; the mediocrity of the recovery reflects the mediocrity of previous prospects, coolly considered.
So China’s government must have a medium- and long-term plan to address problems caused by a drawn-out global
slump.
But there are good reasons to believe that we are experiencing a more persistent
slump.
As Keynes famously said, “The boom, not the slump, is the right time for austerity at the Treasury.”
I am confident that, notwithstanding the headwinds blowing from the eurozone crisis and the
slump
in demand worldwide, China can continue its dynamic growth.
With oil prices experiencing a prolonged slump, and new sources (for example, Iran) coming onstream, the Saudis will not find dipping into financial reserves quite as effortless a proposition as it has been in the past.
Given the debate over Greece, spending the sums necessary to pull the country out of its
slump
is likely to be politically pricey, but the cost – political, military, and financial – of allowing Ukraine to collapse is too high for failure to be an option.
The current worldwide
slump
could bring a cut in official development assistance (ODA) of 30%.
Its wages and prices must lag behind its competitors’ for years, while its economy goes through an extended
slump
until a new equilibrium is found.
But those policies almost always reduced aggregate demand, pushed the economy into a deeper slump, and further undermined confidence – most recently when the International Monetary Fund insisted on them in East Asia in the 1990’s.
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