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But it's also possible that the real world – a blow-up in Greece, a steeper slowdown in China or more wobbly unemployment data – intervenes.
Plentiful monsoon rains, a key indicator for the Indian economy for thousands of years, have produced lush fields that could yet help stabilize broader measures of the economy in the coming months and forestall a steeper slowdown.
If prices fall, expect a steeper slowdown.Ben to the rescue?If house prices do slide, the Federal Reserve will probably slash interest rates so as to save the economy from recession.
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The steep slowdown in trading, however, had already begun to reverse itself in 2010, he said.
The Commodity Collapse Even more important than China's stock-market follies was the steep slowdown in its growth rate.
However, figures this week revealed that Beijing is copying the Japanese tactic of ramping up public infrastructure spending to replace the steep slowdown in private sector investment.
Since a spectacular plunge in the Shanghai Stock Exchange last June, China's economy, the world's second largest after that of the United States, has sunk into its steepest slowdown in a quarter century.
While he predicted a steep slowdown in growth in 2012, from last year's 9.2 percent annual increase in G.D.P. to 7.5 percent in 2012, Mr. Wen said the economy was on a controlled glide to meet the target set last year in the leadership's five-year plan to achieve average growth of 7 percent through 2015.
While he predicted a steep slowdown in growth in 2012, to a 7.5 percent annual increase in gross domestic product in 2012 from last year's 9.2 percent, Mr. Wen said the economy was on a controlled glide to meet the target set last year in the leadership's five-year plan to achieve average growth of 7 percent through 2015.
RIO DE JANEIRO — Emerging markets took one of their biggest collective tumbles in a decade Monday as stock markets from Mexico to Indonesia to Russia were gripped by fears of a collapse of Europe's banking system and concern that a global recession could drag down the price of commodities, forcing a steep slowdown in emerging-market growth.
No doubt, this steep slowdown in growth is being compounded by the overall economic situation.
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