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This week saw modest recoveries.
As we've seen in other developed countries over the past few years, the imposition of austerity policies can easily turn modest recoveries into renewed recessions.
A government report last month said that while nationwide real estate prices fell for the 13th straight year in 2003, there were modest recoveries in parts of Tokyo, like the upscale Omotesando shopping district.
Michael W. Foley, an associate professor of political science at Catholic University, in Washington, D.C., who conducted a study of several new immigrant groups for the American bishops, said, "Seminary enrollments have been on a down slide since the 1960's, and we see some modest recoveries as a result of this new blood".
Similar(54)
But the figures mask a modest recovery.
Foreign direct investment has made a modest recovery.
Last summer's modest recovery in home prices has apparently ceased.
A modest recovery is enough for bond holders, but the stockholders need a big recovery".
It said: A modest recovery is expected to start in late 2013, supported by net exports.
For Japan, the statement said a "modest recovery" was expected, but warned that "downside risks remain".
Without a successful stabilization of the banking system, even a modest recovery would have been inconceivable.
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