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Europe and Japan, suffering from an even more protracted slump, continue to look to America to lead the way.
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The homebuilding slump has proved deeper and more protracted than expected.
The slump in housebuilding has proved deeper and more protracted than expected and there are worries that it could spill over into other areas of the economy, like consumer spending.
Conflicts are becoming more protracted.
They will lose money if the bust turns into a protracted slump.
Mr Galí frets that this may condemn the country to a protracted slump.
Peugeot is among the companies worst hit by Europe's protracted slump in car sales.
The market for junk bonds has been in a protracted slump.
It's true that after a protracted slump, the private sector usually does find reasons to start spending again.
And after a protracted slump in housing starts, America now looks seriously underprovided with houses, at least by historical standards.
Even companies whose operations were humming in early September are vulnerable to what may become a protracted slump.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com