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Unemployment would rise above nine per cent unless a significant stimulus plan was passed.
In the United States, President-elect Barack Obama has promised to rapidly enact a significant stimulus package.
Analyst Anthony Codling at Jefferies said: "Today's budget provided a significant stimulus to the UK housing market, both newbuild and the existing homes market.
Lower tax rates increase incentives to work, save and invest, and these rate reductions will provide a significant stimulus when they take effect.
The sensible option would have been to concede that austerity wasn't working, abandon the pretense, and introduce a significant stimulus program.
Seventy percent say the programme will stimulate the economy, though only 15% think it will provide a "significant" stimulus.
Similar(32)
Meana posits that it takes a greater jolt, a more significant stimulus, to switch on a woman's libido than a man's.
A differential change in the hemodynamic response measured by a non-invasive method to a developmentally significant stimulus and a novel stimulus, in songbirds that produce variant song output, is a new finding significant from a comparative standpoint.
An example of an ERP is the P3, a positive wave that occurs about 300 ms after a motivationally significant stimulus.
Sensitization is said to occur when the repeated presentation of a particular significant stimulus (such as food or electric shock) lowers the threshold for the elicitation of appropriate behaviour to the point where a second stimulus, not normally capable of calling forth that behaviour, now does so.
"Stock prices are down 50%, credit spreads are very wide in the U.S. and Obama has come up with a very significant stimulus plan.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com