Even so, a partially paid for tax rate cut is success to me if the percentage recovery is significant.
The lead plaintiff position is key in securities class-actions because it comes with the authority to select a lead counsel, a highly sought after role for law firms that almost always charge a percentage fee based on any recovery.
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For the five worst crises, growth rates tumbled by five percentage points from their peak and recovery took more than three years.
They have a long way to go to get back to normal levels that would support spending at a pace needed for a sustained recovery, since the percentage of household debt to GDP is so far down only to 88%.
There is only one instance since World War II of the U.S economy increasing the employment-population ratio by five percentage points in a decade: the recovery that followed Ronald Reagan's tax cuts in 1983.
In other words, that that was just a small percentage of what would be needed for the overall recovery.
The spread narrowed sharply starting in 1Q2009, and it averaged only -0.09 percentage points during the first quarter of the economic recovery (3Q2009).
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Lott explains that in 5 of the last 6 financial crises, excluding only the Great Depression itself, booming economic growth during the recovery exceeded the decline in the previous recession by 6 percentage points.
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Yes, down a percentage point or so from its recent high, but in a supposed recovery a horrible number still.
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Once satisfied, it reversed course, reducing interest rates by nearly 12 percentage points from mid-1981 to late 1982 and setting off a roaring recovery.
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If those stimulus measures are not extended, the US will be cutting borrowing by around 3% of GDP in 2012 - compared with tightening of 1.7 percentage points in the UK. That sounds like a lot, if the recovery continues to stumble.
Chancellor Alistair Darling has pledged to halve the budget deficit in percentage terms over the next four years, but argues that making cuts now could harm the UK's recovery from recession.
Moreover, the number of vehicles leased by GM could grow at a rate of 3 percentage points faster than our current projections (chart not included) if GM maintains its market share and given a recovery in the asset backed market, which would improve its financing abilities.
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