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But experts emphasized that the slowing pace of deterioration did not alter the reality that the economy remained very weak.
The pace of deterioration (see chart) threatens to overwhelm the scope of reserves, capital and ongoing profits to absorb losses.
After a report in May that showed the pace of deterioration was moderating, some economists expressed hopes that a recovery might finally be emerging.
After a May report that showed the pace of deterioration was moderating, some economists expressed hopes that an economic recovery might finally be emerging.
Still, the administration seized on the report as an early sign that the economy's free fall was coming to a halt, because the pace of deterioration had slowed.
Analysts noted that it was £1.1bn worse than a year earlier, but the pace of deterioration in the public finances was slowing.
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Standard Chartered said it had withdrawn conditional proposals to rescue Whistlejacket because of a number of factors, including "the pace of continuing deterioration in the market for certain asset classes and the impracticality of completing any proposal within the confines of the receivership as it has evolved".
"However, none has shown the sheer scale and pace of the deterioration at King's.
The pace of economic deterioration has slowed significantly and, after four quarters of severe contraction in economic activity, I now forecast that the U.S. will display positive real GDP growth in the second half of 2009.
The pace of economic deterioration quickened, shaping the dynamics of the broader economy.
However, because the rate of deterioration seen in cv.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com