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Even today's number is still in fairly buoyant territory, well above the 50-breakeven level, implying fairly buoyant growth.
Retailers' gloom notwithstanding, consumer spending, which accounts for over 60% of GDP, ought on current evidence to be fairly buoyant next year.
Their attitudes to the use of condoms aside, the Roman Catholics have remained fairly buoyant, speaking up for the poor and taking their cue from Rome.
Stockmarkets in the developed world have been in fairly buoyant mood since the start of the year with the MSCI World Index rising by 5% in the first two months of 2013, and the Japanese market gaining 13.5%.
"You would expect to see a lot of money sloshing around, creating fairly buoyant consumer demand," said Prof. John Bradley, an economist with the independent Economic and Social Research Institute in Dublin.
"House prices in this area are generally fairly buoyant but as soon as they are close to the airport or on the flight path prices are suppressed".
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"Things looked pretty buoyant then," he says.
"The town would go from a fairly healthy buoyant state to a depressed state.
The prospects for Asia and the Pacific, excluding Japan, are fairly buoyant a rise of just over 8% this year at current prices compared with 2001.
A combination of buoyant equity markets and generous accoutnig assumptions made the promise seem fairly cheap in the 1980s and 1990s.
Today Japan's economy is much less burdened by debt and so likely to recover more quickly.Another reason why the downturn in Japan could be fairly mild is that almost half of Japan's exports go to other buoyant Asian economies.
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