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European governments are tightening fiscal policy well before their economies have recovered output lost in the recession.The more the economic outlook turns Japanese, the harder it will be for equity markets.
We refrain from plotting the recovered output ŷ (t, θ est ) as it is visually indiscriminable from the output in the left of Figure 4. Interestingly, the optimization target value J(θ est ) = 3329.56 implies J(θ est ) < J(θ ref ), which may stem from a slight approximation error in the reduced model or from the effects of the measurement noise.
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Thus the cost of resources committed to mitigation should at least be compensated by the value of the resulting recovered outputs and, ideally, the net benefits (total output value recovered minus total mitigation costs) should be maximised, thus optimising economic efficiency.
"The truth of the matter is that the economy may never recover output lost due to the recession and the prolonged period of stagnation that followed.
Most farms are still owned by families, but their incomes have recovered and output has soared.
"Despite it being widely reported that the UK economic recovery has been dominated by household consumption, the sector only recovered the output lost in the economic downturn in 2013, while all other G7 economies, with the exception of Italy, passed this milestone much earlier".
Other countries recovered the output lost to the crisis much earlier than the UK.
The position of peaks and their one-LOD CI, corresponding to a 1 LOD drop off from the peak [ 39], were recovered as outputs from WinQTL Cartographer.
The construction industry was badly hit during the financial crisis, and has yet to fully recover, with output still below pre-crisis levels.
MUMBAI, India (AP) — A rebound in manufacturing and recovering farm output drove India's quarterly economic growth to 8.6 percent, the best in two years as the country returns to precrisis levels of expansion.
When the voltage dropped down to below 0.1 V, rice bran (0.1 g) was added to recover electric output.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com