The phrase
"dampening influence" means something that has a quieting or calming effect on a situation or people's emotions.
Full definition
However, these effects would be partially offset by the accompanying
dampening influence on demand and activity, which could reduce domestically sourced inflationary pressures.
A sharp turnaround in the external sector, evident in weakening export volumes and declining commodity prices, has been the
major dampening influence on growth.
The turnaround in the world economy will mean that it will be a positive force for growth over the year ahead rather than
a dampening influence.
These factors appear to have offset
any dampening influence from the declines in business and consumer confidence that occurred in the March quarter.
This assessment is based on an evaluation of the recent trends in core inflation and likely developments in demand conditions, and takes into account
the dampening influence of the monetary policy adjustments since November 1999.
Looking forward, euro - area exports will be helped by stronger economic growth elsewhere in the world, although the renewed appreciation of the euro in recent months will exert
a dampening influence, and a sustainable recovery in the euro area will require a return to growth in domestic demand.
Overall CPI inflation, however, remains at the lower end of the Reserve Bank of New Zealand's 1 — 3 per cent target band, with the currency appreciation exerting
a dampening influence.
Also, consumption has been a little stronger recently after being curtailed by policy measures to rein in expanding household debt, although ongoing balance sheet adjustment is likely to be
a dampening influence for some time.
All else equal, the stronger exchange rate would have
a dampening influence on economic activity, although an important offset to this is the related improvement in the terms of trade and stronger global demand.
Transplant specialists have considered the chemicals to be a necessary evil: freed from
their dampening influence, the patient's immune system would rebound and reject the foreign organ.
Both Mayor Gregor Robertson and uber condo marketer Bob Rennie, a key Robertson supporter, have come out in favour of imposing a housing speculation tax as a means to
dampen the influence of investors in Vancouver's red - hot real estate market.