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However, incoming economic data have tended to confirm that greater uncertainty, in part attributable to heightened geopolitical risks, is currently inhibiting spending, production and employment.
The widespread devastation in the gulf region, the associated dislocation of economic activity and the boost to energy prices imply that spending, production and employment will be set back in the near term.
And a quick rebound next year looks unlikely.The day after the Republicans swept to victory, America's central bank cut interest rates by half a percentage point, to 1.25%, citing "greater uncertainty" that is "currently inhibiting spending, production and employment".
Regarding the economy, it's hard not to notice this stark contrast: the "real economy" of spending, production and jobs though weakening is hardly in a state of collapse; but much of today's semi-hysterical commentary suggests that it is.
Similar(56)
Cameron even declared that he spent production of The Terminator thinking on which elements of that film could "make a good dry run" for the Alien sequel.
FedEx predicted that consumer spending, industrial production and gross domestic product would improve in the second half of 2011.
"Economic growth leads to more spending, more production and ultimately rising profits," he said.
Data on employment, consumer spending, industrial production and housing have been relatively strong.
Consumer spending and production were falling sharply, and the inflation rate was fifteen per cent.
Sending out lump-sum rebates, as was done in spring 2008, makes less sense, as it provides little impetus for spending or production.
The V pattern is based on the idea that the shock from the tragedy will send economic growth plunging as consumers stop spending and production is disrupted.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com