Our inflation forecasts have not changed much, but our conviction has increased that the large and now growing output gap will result in significant renewed disinflation.
However, downside risks remain significant, including renewed setbacks in the euro area and risks of excessive near-term fiscal consolidation in the United States.
"We have begun to implement a companywide reorganization, which includes significant staff reductions, not renewing many consultants' contracts and the continuation of other cost-reduction initiatives, that will ensure we remain competitive and profitable in 2009," Christie's said in a statement on Monday, without saying how many positions might be cut or giving any further details.
Moreover, Sabbath and festival themes are considered to be perpetually significant, recurring and renewed in every generation.
And Think-tank Oxford Economics says in a report out today that there is a significant risk of renewed falls in house prices next year and in 2011.
The net migration figure is politically significant, since David Cameron renewed the Conservatives' pledge to reduce it to the "tens of thousands" immediately after the general election.
Writer sees most significant in the renewed hostilities is the cold, impersonal quality in the fighting, imparted by new, scientific weapons of awesome destructiveness.
A $2 billion exploration deal with Shell and TotalFina, announced last week, is a politically significant sign of renewed cooperation among big oil companies and Saudi Arabia, analysts say, but it still falls far short of the original size and scope.
Mr. Sharon and Mr. Abbas are expected then to issue their statements, officials said, making their first television appearance together as prime ministers in what is envisioned as a significant image of renewed determination to make peace.
This weekend, with President Barack Obama making his second visit to the Indian capital, many international eyes are on the Indian economy which, after having flagged for several years, is showing significant signs of renewed vitality.
