They make no such adjustment in their paper, partly because of uncertainties surrounding the cycle.

ECONOMIST: Productivity on stilts

The resolution allows for an "adjustment" of sanctions, and Monday's statement sets up a committee to make recommendations on such an adjustment by April 24.

CNN: U.N. condemns North Korean rocket launch

The impact on economic growth of such an adjustment would be very modest, but positive, she said.

WSJ: In Small, Measured Steps, Europe Loosens Austerity