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The chairman, Michael R. Bowlin, sent an E-mail message to workers saying that the Asian economic recession was spreading, keeping energy demand sluggish and oil prices down.
With consumer demand sluggish and the housing market still not back to normal, Professor Krugman contends that more government stimulus is urgently required to sustain the recovery and spark renewed economic growth.
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Consumer demand remained sluggish.
But if world demand remains sluggish, Iraq's fellow OPEC members may not be patient.
Increasing demand and sluggish supply is relentlessly pushing up inner city house prices.
The results were the weakest since March and indicated demand remained sluggish despite newly expanded tax incentives to spur sales.
The surge in commodity prices is explained simply as the result of exploding demand and sluggish supply.
In a report, the ratings agency warned that the global shipping industry "faces weakened demand amid sluggish global economic growth and evolving structural overcapacity".
He noted that Citi would "love to put some of our cash to work in loans" but that demand remains sluggish.
As a result, supply is increasing faster than just about anyone expected, while demand remains sluggish as a result of the tepid world economy.
Mr. Takei said demand was sluggish because of a near-doubling of the sales tax to 5percentt from 3percentt in April.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com