The UK economy has been sluggish, expanding at its slowest annual rate in six years in 2018 after a sharp contraction in December.
Economists fell over themselves in describing the dire nature of the jobs report, which they said was alarming confirmation that the economy was in the midst of a sharp contraction in which consumer spending and business investment bordered on free fall.
She saw curbing inflation as her chief priority, but the policies she followed, especially the raising of interest rates to an all-time high of seventeen per cent, caused a dramatic rise in unemployment and a sharp contraction of the economy.
Today's underlying optimism helps explain a central economic mystery of the last year: the continued willingness of consumers, despite uncertain times, the fall in the stock market and a sharp contraction in business investment, to take on more debt and buy new houses and other costly items.
The 15percentt rise in fares, after all, resulted in large part from a sharp contraction of airline fleets brought on by bankruptcies and a drop in air travel after the terrorist attacks of Sept. 11, 2001.
Following a sharp contraction in the Irish economy in 2008, resulting in mounting fiscal deficits, the sustainability of funding these community drug schemes have come under the spotlight of the EU, International Monetary Fund (IMF) and European Central Bank (ECB) (Troika) who have set stringent targets for reducing drug costs as conditions of the bailout programme.
Like other technology consultants, Cap Gemini has experienced a sharp contraction in revenue in the last year, made worse by the newfound emphasis on United States business after the Ernst & Young deal, which brought to one-third the share of its revenue derived there.
The Washington Post Co. lost $6.2 million, or 82 cents a share, in the third quarter of 2011 as a result of one-time charges, a sharp contraction in its education business, and continued deterioration in its newspaper and online publishing division.
Some analysts forecast a sharp contraction in Japanese GDP in the first three months of the year, potentially wiping out the 0.5% rise seen last quarter.
