"Despite record-low interest rates, investment continues to disappoint, reflecting demand conditions as well as high corporate sector debt and weak financial sector balance sheets in many countries".
Deficit reduction must be qualified, as the IMF has said, by demand conditions in the economy; spending is someone else's income – someone's income is someone else's spending.
I'll demand conditions that allow me to work the show in a theatre, invite people, private dress rehearsals and all that".
So unless the seller has, from other sources, an intimate knowledge of supply and demand conditions, the price he sets may have highly inefficient consequences.
Migration can help clear labour markets when demand conditions are wildly different, as the unemployed in one region up stakes and move to another.
Recent judgments by the European Court of Justice, though, have held that strikes to demand conditions better than those the PWD sets out are not justified.
Liberum analysts upgraded Rio, BHP and Glencore - up 3.85p at 204p - and said: We expect mining fundamentals to continue to deteriorate into the second half as demand conditions worsen, supply in some key commodities accelerates and dividends come under pressure.
Gardner said: "There are some signs that, despite the uncertain economic outlook, demand conditions have strengthened a little in recent months, reflecting the impact of solid labour market conditions and historically low borrowing costs.
The EEF's chief economist, Lee Hopley, said: "Demand conditions in manufacturing at least seem to be heading the right direction, but the climb back to growth is still being challenged by the sluggish global economy and subdued investment at home".
Demand conditions clearly affect supply; weak demand can produce hysteresis and structural unemployment while strong demand can generate tight labour markets, which encourage firm investments in training and capital deepening.
The firmer reading "was supported by simultaneous improvements of external and domestic demand conditions," Qu Hongbin, chief China economist at HSBC, said in a note accompanying the data release.
