Photograph: ONS/Duncan Weldon The pattern, he concludes, is that Britain has created more lower-paid, lower-productivity jobs since the crisis began - which is very bad news in the long term for growth potential and living standards.
Time courses were fitted with the sum of two exponential terms: one for growth and one for decline.
Christine Lagarde, the new managing director of the International Monetary Fund, is calling for balancing long-term debt reduction with "short-term support for growth and jobs".
However, the long-term prospects for growth in chip-making look unpromising.
Without changes within the wider euro zone, he said, long-term prospects for growth would be unattainable.
Mr. Esrey of Sprint did not exactly tout his company's stock, but pointed to its long-term potential for growth.
"The second risk is that, notwithstanding strong medium-term prospects for growth, confidence could weaken in such a way as to further dampen domestic demand".
Some analysts think Asos has overegged its long-term prospects for growth, but the company said customer engagement remained high, with average customer spend increasing by 4%.
The theoretical debates about the economic benefits of airport expansion have been forced to develop into concrete proposals by the Airports Commission, led by Sir Howard Davies, which set a deadline of Friday this week for submissions for long-term options for growth.
Smith Micro's relationship with Verizon Wireless will also be a near-term catalyst for growth.
