Exact(12)
That was the recipe that the United States, Britain, and other countries followed after Lehman Brothers collapsed, and it helped prevent a deeper slump.
However, Threadneedle Street said that QE had helped all sections of the population by sparing the country from a deeper slump.
Economists also expressed concern that the austerity program demanded by European and international lenders could end up pushing the Greek economy into a deeper slump, making its debt even harder to pay back.
The Office for National Statistics revised the decline in gross domestic product in the first three months of this year to 0.3 percent, from the 0.2 percent it estimated last month, because of a deeper slump in the construction industry.
Problems in Europe pose a threat to President Obama's re-election plans as well, because a deeper slump there could drag down the United States economy, as happened a year ago.
Harry Truman won out from a deeper slump; the elder Mr Bush lost despite riding high.That is surely not because voters do not care about the state of the economy.
Similar(42)
Given the scale of the downturn, the recovery is modest: GDP was still 4.1% lower than a year earlier.Such a deep slump has wrecked public finances.
But the meetings business is now in a deep slump.
He was in a deep slump at the time.
A deep slump saw GDP shrink by some 20% in 2009.
India's once booming economy is sliding into a deep slump.
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