As he pointed out, his own paper warned staff last month of "daunting trading conditions in 2016".
In this context, policy-makers are facing daunting trade-offs.
On top of the Rangers' daunting schedule, the N.H.L. trading deadline looms at 3 p.m. Eastern on Wednesday.
"With his status as a member of the City Planning Commission and his teaching at Yale, Alex brought together in one mind an understanding of all the complexities that made the World Trade Center so daunting a project," he said.
In this period, Germany was still in a dire economic situation; millions were unemployed and the balance of trade deficit was daunting.
California's cap-and-trade program faces daunting hurdles to avoid collapse.
But such changes risk both a presidential veto and opposition from vocal trade unions.It all looks daunting.
Collectively, the demands we face at work are daunting and require constant juggling and trade-offs.
The prospects for a major cap-and-trade energy program are even more daunting.
For small nations, the prospect of staying in a giant trading block with its own foreign policy and currency makes the idea of statehood less daunting.
