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PITTSBURGH (AP) — The aluminum producer Alcoa said Wednesday that it lost $454 million in the second quarter as the global recession continued to dampen demand and prices for the lightweight metal.
Modest growth returned to the computer industry in the second quarter following a dip earlier this year, although consumer appetite for tablets continued to dampen demand for desktop and laptop PCs.
Pressure is also mounting on Beijing for a fresh economic stimulus after the broad-based weakening in global demand continued to dampen export demand from China's factories, and left the economy on course in 2012 to post its first sub-8sub-8%th since 1999.
On Thursday, a raft of retailers reported disappointing September sales, as the housing crunch and lofty fuel prices continued to dampen consumer spending.
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"There is a risk that recent weakness, coupled with lower levels of business confidence now prevailing, could continue to dampen growth," Mr. Macfarlane said.
With consumer spending making up around three fifths of UK GDP, this will continue to dampen the UK's growth prospects.
Worries about the strength of the global economy, particularly in China and the eurozone, continue to dampen sentiment, as does the US air strikes in Syria.
Financial market stress, government spending cuts, stubbornly high unemployment and political uncertainty continue to dampen growth in high-income countries, the fund said.
Lasting concerns about sprawl and the environment will continue to dampen new construction, keeping supplies lower than demand, according to David W. Berson, the chief economist at Fannie Mae, the country's largest secondary mortgage market lender.
Other factors, such as contracts that reward doctors for providing better care rather than lots of it, could continue to dampen growth in future.The new report from CMS provides more data for academics to munch on.
But the common view of most retailers is that low consumer confidence and the squeeze on real household disposable income – which actually fell by 0.3 per cent last month, according to the Treasury – will continue to dampen consumer spending for the foreseeable future.
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continued to soften
continued to diminish
continued to curb
continued to undermine
continued to attenuate
continued to suppress
continued to hinder
set to dampen
continued to impede
continued to assuage
continued to discourage
continued to reduce
further to dampen
continued to curtail
continued to weaken
continued to dwindle
continued to decelerate
continued to erode
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