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Economic growth, tight labor markets — all very good for the left.
But that needs decades of high growth, tight budgets and benign interest rates.
A swoon in domestic demand, worse-than-expected global growth, tight credit and declining infrastructure investment are taking a toll, it said.
Today, many major nations are grappling with weak growth, tight credit and a gnawing sense that a lean future may persist indefinitely.
Strong loan growth, tight expense controls and effective balance-sheet management are driving solid results at Nara Bancorp. September-quarter earnings per share increased 3% to $0.33, beating the consensus by $0.02.
"Some members indicated that in light of continued robust economic growth, tight labor markets, and improving financial conditions they had a preference for awaiting further developments that might provide a stronger basis for an easing action.
Similar(54)
In a "weak growth, tight-fiscal-policy environment, it will be loose monetary policy that will be the release valve," he said.
"The external economic outlook for emerging East Asia has dimmed amid prospects for slower growth, tighter credit conditions and higher inflation," the bank said.
However, although India's "Wall Street" was less affected, its "Main Street" bore the brunt of the downturn, with slower growth, tighter access to credit, declining exports, higher unemployment, and less investment.
High unemployment, slow job growth and tight credit have kept people from buying homes.
High unemployment, weak job growth and tight credit have hurt the housing market, despite the lowest mortgage rates in decades.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com