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It's hard to see signs of prior economic slumps now because we've gone through such a boom period.
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In Europe, as in America, the slump has hit regions unevenly; the places that had the biggest bubbles before the crisis are having the biggest slumps now--think of Spain as being Europe's Florida, Ireland as being Europe's Nevada.
But England slumping now.
"He's out of that slump now," Mallette would say later.
But some people in town worry that Audi could begin suffering the slump now afflicting most other European carmakers.
There is no doubt that the economy is in a slump now, and the beginning of its revival may still be months away.
"If you signed up for something, why start yelling that the rules are unfair?" asked President Toomas Hendrik Ilves of Estonia, which, after a catastrophic slump, now has one of Europe's few economies with robust growth.
The Eastman Kodak Company said yesterday that its third-quarter profit would be more than a third below estimates and it planned to lay off employees because sales had been hurt by an economic slump now spreading overseas.
Without the backing of the holdouts, Argentina, which has the third largest economy in Latin America, will struggle to avoid an economic meltdown and end a slump now in its fourth year.
Oh well, maybe Motorola will come out of its slump now.
Our short-run problems--if you can call a slump now in its fifth year "short-run --are hurting our long-run proshort-run --areough multiple channelshort-run --are
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