Sentence examples for steep contraction from inspiring English sources

That followed a steep contraction of 1.4% between July and September, when capital controls were imposed and its banks were shut.

The possible causes of the ensuing stock market plunge and steep contraction in the economy provide fodder for just about everyone in the current political debate.

The Bank of Japan cut its economic forecast for the current fiscal year in a quarterly review of its growth projections, although this was a technical revision reflecting a steep contraction in first-quarter GDP.

Many say that the economy contracted in the fourth quarter at a 5 or 6percentt annual rate and that steep contraction will continue at least through the first quarter, letting up only if Congress approves a sizable stimulus, one that kicks in soon and is at least as big as the $775 billion that the Obama camp has proposed.

This money — almost equivalent to the annual output of the U.S. economy — cushioned the effects of the collapse of home prices in the United States and parts of Europe, as well as those of bank failures and the steep contraction in business and household spending.

Of the three small countries that have received international bailouts, Ireland was expected to experience slight growth, while Greece and Portugal were projected to suffer steep contractions.

Fed policy makers sharply reduced their economic forecasts in January, predicting that the economy would continue to experience steep contractions for the first half of 2009, that unemployment could approach 9percentt by the end of the year and that there was at least a small risk of a drop in consumer prices like those that Japan experienced for nearly a decade.

The economy is set for the steepest contraction in the post-war era in 2009".

That is nearly equal to the 9 percent rate for the 1981-1983 period, which included the steepest contraction in the American economy since the Great Depression.

That is nearly equal to the 9 percent rate for the 1981-1983 period, which included the steepest contraction in the economy since the Great Depression.

December purchasing managers' index data for the euro zone showed steeper contractions in the last month of 2008 as demand fell and hit prospects for growth on consumption-dependent Western economies.