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The recent decline, however, has sobered things up, he said.
The recent decline in violence in Iraq has "also had a positive effect," Dr. Gilroy said.
The recent decline in energy prices has reduced inflation, offering some relief for household budgets.
The recent decline in oil may not be that good for energy companies.
The recent decline of the euro against the dollar could create some inflation.
The recent decline in oil and gasoline prices comes less than two months after a price spike.
The recent decline of the dollar against the euro has made a trip to Europe more expensive for Americans.
The recent decline in seat prices began in September, as the furor over Mr. Grasso's pay was escalating.
"The recent decline in commodity prices as well as the increased stability of the dollar has been encouraging," he said.
The recent decline in Labour's lead may be a sign that the party will suffer the same fate.
The recent decline in state tax revenues nationwide is the worst in more than half a century.
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