In that case, the share of the economy taken up by the state will increase, if modestly.
However, the overall trend in industrial is decidedly, if modestly, positive.
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That is why the growth standard improves, if only modestly for now, the outlook for the U.S. economy and financial markets.
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Now, if Arthur Levitt modestly claimed that there'd been an erosion of sprinter talent over the last 40 years, I'd buy that.
If valuations do decline modestly on PetSmart, perhaps long-term investors will want to take interest.
If these rally only modestly, the Dow could nip 15, 000 this year.
Its best guess is we will grow modestly - but if we're surprised, it's unlikely to be a happy one.
More important, if they succeed even in modestly loosening the money markets, they will reduce the pressure on central banks to use the broader tool of lower interest rates.
Obama aides believe if that percentage increased just modestly in 2008, it could make the difference in at least a half-dozen states: Missouri, Ohio, North Carolina, Florida, Pennsylvania and Virginia.
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If XLK can pull back modestly each time it becomes overbought, the fund could find itself back in bull market territory without drawing the suspicions of traders looking to sell strength before the fund climbs back above its 200-day moving average.
She says her neighborhood, Adhamiya, is no longer permissive if she is not clad so modestly.
Thought experiment: What if the economy recovers, but only modestly?
But while you could very credibly argue that the ruble was becoming dangerously overvalued during the height of the 2007-08 energy boom, at the present time it would appear that, if anything, the ruble is actually modestly undervalued.
Overall, executive pay levels will continue to increase at little more than an inflationary pace, with perhaps modestly higher increases in equity incentives if the stock market holds up.
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When the cohort born roughly in the years between 1993 and 2005 enters prime child-bearing years, there is going to be a pretty significant decline in the crude birth rate even if the total fertility rate (TFR) continues to move modestly higher.
Real estate prices have modestly recovered, alleviating a further sense of doom, if not providing a modest boost of confidence.
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Even if rental companies can capture more holiday drivers, they will struggle to grow even modestly in the next few years.
"If this trend continues, house prices are likely to stabilise once again or may, indeed, drift modestly upwards, " Mr Charles said.
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