We expect 1.7% growth in real personal consumption expenditures in the four quarters ending September 2008 even under our soft-landing scenario, below the 2% four-quarter low in the 2001 recession (see graph and further discussion in the attachment.) In recent years, we predicted and explained the resilience in U.S. consumption growth in terms of job prospects and the high actual household savings rate.
This, in turn, will be good for China and the world economy, as the real estate market will be in for a soft landing rather than a hard-landing.
But then the combined effects of the procyclical accounting and regulatory rules took over and turned the hoped-for soft landing into a very turbulent ride.
The banks, building societies, and those taking care of the UK economy, are hoping for - and in some cases trying to engineer - a soft landing.
The World Bank said the challenge in the short term was to sustain growth through a soft landing, with the longer-term challenge to steer the economy toward a more sustainable path.
The experiment fell into deep snow in the far north of Sweden - and the possibility of a soft landing has the Strathclyde team hoping even more data can be recovered.
With inflation and output both on the downtrend in large markets like China and Brazil, the stage is set for a soft landing and an emergence of South-South trade that will further de-couple EMs from Europe and North America.
FORBES: Emerging Market Growth Fell To Lowest Level In Two Years In Q2
Hence, all the muttering by the Fed about its goal of a"soft landing"for our supposedly"high-flying"economy.
Though my sources all expect a soft landing of the Chinese economy and a well-managed correction of the over-heated housing market in the tier 1 cities.
Even a soft landing is expected to produce a new wave of non-performing loans that could make the banks look less attractive to investors.
"Recovery high, the real gift that it gives to the kids is the soft landing when they come out of rehab or a longer-term facility like Lucy was in, " said Tony Gross, Lucy's father.
CNN: Recovery high school a 'soft landing' for post-rehab teens
But anyone who thought that there was going to be a slowdown in infrastructure build-out this year, as the government tries to engineer a soft landing to its spectacular economic growth, need only stare at the Shanghai skyline for a few days, if not just a few minutes.
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The crew of a Coast Guard search-and-rescue plane watched as the Cessna made what appeared to be a soft landing, Edwards said.
He could not make out the individual footfalls, the great velvet paws landing one in front of the other, only the over-all sound of it, a soft, travelling thump.
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