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What is Mr. Engvall doing as a shrink in the first place?
Vacancies continued to shrink in the first half of the year, as companies adjusted to falling demand.By the middle of last year, a surprising third phase had started.
Michelin had warned in July that its operating margin -- operating profit as a percentage of sales -- would shrink in the first half of 1998 because of spending increases.
The market will shrink in the first half of next year but the long-term prospects will be better for it".
Joan Zheng of J.P. Morgan in Hong Kong predicts that the local economy will shrink in the first half of 2003, and grow by only 1.6% in the year.
"Companies didn't have so many people on their payrolls to shrink in the first place," said Ed McKelvey, an economist at Goldman Sachs, adding that American businesses have been hiring tepidly for years.
Similar(46)
Samsung also saw profits and margins in its mobile business shrink in the second quarter.
"If consumers lose heart in November and December, the economy could shrink in the fourth quarter".
Sales could even shrink in the fourth quarter.TSMC has thrived on a mixture of serendipity and anticipation.
Many private economists agree that United States output will probably shrink in the third and fourth quarters before recovering next year.
Earlier this week, the Organisation for Economic Co-operation and Development said the British economy would shrink in the fourth quarter of this year and the first quarter of next year.
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