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That's a much worse response than the first President Bush got from his modest stimulus program, almost a decade ago.
Back in Washington, however, he hasn't been able to persuade Congress to move ahead with his own modest stimulus agenda.
Nevertheless, with an acceleration in growth required to hit the government's full-year growth target of 7.5%, further modest stimulus measures would certainly not come as a surprise.
In response to the global slowdown the deficit this year will be allowed to rise to about 2.5% of GDP, a very modest stimulus by international standards.
But he did win a vast increase in spending on AIDS treatment and prevention in Africa and a modest stimulus measure in 2008.
With its modest stimulus winding down, Germany's growth slowed sharply late last year, and its economic output still has not recovered to its prerecession peak.
Similar(37)
In such circumstances, economics suggests two possible remedies: either a devaluation, or a modest fiscal stimulus.
Nor will modest fiscal stimulus of the sort Congress is talking about.
Contrasting prospects in key export markets positive in Sweden, negative in Russia will amount to a modest economic stimulus.
Although the government adopted only a modest fiscal stimulus, its budget deficit rose in 2009 to 5.2% of GDP.
Although more modest, the stimulus is more finely targeted this time, notes Robert Feldman of Morgan Stanley, an investment bank.
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