Economic contraction slowed consumer spending, corporate earnings fell, and stock prices dropped.
Not exact matches
As a consequence, knowledge of good
economic theory is required to understand what's happening to money and why
slower economic progress, or even a prolonged
economic contraction, will be an inevitable result.
Tight credit conditions, the ongoing housing
contraction, and some
slowing in export growth are likely to weigh on
economic growth over the next few quarters.
April suggests that the pace of
economic contraction is
slowing.
A typical business cycle features a period of
economic growth, followed by a period of
slowing growth, and then a
contraction, or recession.