Sentence examples for largest contraction from inspiring English sources
In the largest contraction since early 2002, the number of apartments available for sale in Manhattan is shrinking: from 6,058 units at the end of the second quarter of 2003 to 5,224 units on the last day of the third, according to a market analysis by Miller Samuel, a New York real estate appraisal firm.
The economy shrank by 5.6% in the year to the second quarter, the largest contraction since comparable records began in 1955.The annual rate of consumer-price inflation in South Africa fell to 6.9% in June from 8% in May.Hungary's central bank lowered its key interest rate by a percentage point to 8.5%.
Income in the Danville metro area decreased by 3.9% in 2014, the largest contraction nationwide.
Total income earned in Bloomington decreased by 3.2% in 2014, the third largest contraction nationwide.
Total income in the Grand Forks metro area decreased by 1.4% in 2014, the fourth largest contraction nationwide.
"A decade has passed since the beginnings of a global financial crisis that resulted in the most severe financial panic and largest contraction in economic activity in the United States since the Great Depression," Yellen said.
It is also three times bigger than the largest contractions of the past three decades--as long as such records have been kept.
The hours series reflects a large contraction of more than 2 percent during the recession years.
In December, the bank announced that it would eliminate 11,000 jobs worldwide, part of a much larger contraction.
The eurozone outlook is now expected to suffer a larger contraction this year, shrinking by 0.3 per cent rather than the 0.1 per cent expected in January.
The argument for this kind of adjustment is that high levels of unemployment cause increased benefit payments and reduced tax receipts that are abnormal, and if the government were to try to maintain a simple budget balance at times of high employment, this would require a large contraction in the other activities it supports.
