However, with domestic demand led growth ( as in the United States and Australia ) the trade balance will worsen at the same stage in the business cycle.

However, after more than three decades of unbroken growth, the Cypriot economy contracted in 2009.

However, as with the ILOVEYOU worm, and with the increased growth and efficiency of phishing attacks, it remains possible to trick the end-user into running malicious code.

However, in the 1950s little investment was made either for players or to The Valley, hampering the club's growth.

However, other critics have praised Mather's works, believing it to be one of the best efforts at properly documenting the establishment of America and growth of the people ( Halttunen 311 ).

However, according to recent studies, California chaparral is extraordinarily resilient to very long periods without fire and continues to maintain productive growth throughout pre-fire conditions.

However, the rapid growth of the world's population and its increased concentration often in hazardous environments has escalated both the frequency and severity of natural disasters.

However, abiotic mechanisms for stromatolitic growth are also known, leading to a decades-long and sometimes-contentious scientific debate regarding biogenesis of certain formations, especially those from the lower to middle Archean eon.

However, the original constituencies drawn in 1871 were never redrawn to reflect the growth of urban areas.

However, German unification in 1870 stimulated consolidation, nationalisation into state-owned companies, and further rapid growth.

However, GDP per capita — amounting to $ 425 in FY 2002 — will continue to decline as population growth is estimated at 1. 3 % p. a.

However, reaching those goals required policies that moved away from balancing the budget, lowering inflation, and reducing the deficit and external debt to attract investment and stimulate economic growth.

However, due to the quicker growth in the beginning, a few weeks of grow time can be shaved off.

However the growth of the number of cars increasingly outpaces the construction of new roads, resulting in frequently crippling traffic jams in large parts in major cities especially in Jakarta, which often also happen on highways.

However, because most of Iraq ’ s gas output is associated with oil, output growth depends on developments in the oil industry.

However, thanks mainly to the massive immigration of the last two decades, in recent years Italy experienced a significant growth in birth rates.

However, the objectives were largely missed, and as a result the South became increasingly subsidized and state dependent, incapable of generating private growth itself.

However, German unification in 1870 stimulated consolidation, nationalisation into state-owned companies, and further rapid growth.

However, due to the enormous growth of the Internet and the predicted depletion of available addresses, a new version of IP ( IPv6 ), using 128 bits for the address, was developed in 1995.

However, in Mandel's theory, there are no long " cycles ", only distinct epochs of faster and slower growth spanning 20 – 25 years.

However, the tradition is comparatively late ( it dates from Josephus, a 1st century AD historian ), and scholars are practically unanimous that the book had a long period of growth, that it includes some material of considerable antiquity, and that it reached its present form in the Persian period ( 538 – 332 BC ).

However, growth in 1999 was held down by the severe regional economic dislocations caused by the Kosovo war.

However, this proved unsustainable and growth scaled back sharply to just 8. 2 % in the Eighties and 8. 9 % in the Nineties.

However the city has now grown to include a number of newer suburban developments as well as older neighboring villages that have been engulfed by the growth of the city.

However, the CIA World Fact Book estimated that North Korea's annual population growth rate was 1. 0 % in 1991 and that it has since declined to 0. 4 % by 2009.

However, the monetary authorities will continue to be required to pay attention to the consequences of their actions with respect to our international balance of payments position and the outflow of gold, as well as with regard to avoiding the creation of excessive liquidity in the economy, which would delay the effectiveness of monetary policy measures in the next expansion phase of the business cycle.

However, this action did not bolster the economy, and construction of the CPR slowed drastically due to lack of funding.

However, during the 1980s oil glut Alberta's economy suffered.

However, the government's economic policy and democratic security strategy have engendered a growing sense of confidence in the economy, particularly within the business sector.

However the evidence points to a balanced economy for the greater part of Domitian's reign.

However, there was little support toward cleaning up the river, because it would negatively affect Detroit's industrialism and economy.

However, much of the success of Lancaster's " school economy " was that the children were natives of an intensely mercantile culture.

However, they too struggled to keep the economy going, and many merchants were running at a loss.

" However, Whiggery as a political doctrine had little affinity for classical political economy, the tabernacle of the Manchester School and William Gladstone.

However, Erhard suffered a series of decisive defeats in his effort to create a free, competitive economy in 1957 ; he had to compromise on such key issues as the anti-cartel legislation.

However, economic and administrative problems multiplied in Castile, and the weakness of the native economy became evident in the following century.

However, in general the Scottish economy stagnated leading to growing unemployment and political agitation among industrial workers.

However, the devaluation of the Ringgit and the deepening recession caused him to create his own programme, based on protecting Malaysia from foreign investors and reinvigorating the economy through construction projects and the lowering of interest rates.

" However, he also advocated that individuals give to each other their surplus property on the occasion that others have a need for it, without involving trade ( e. g. gift economy ).

However, in the second half of the 1980s, rising stock and real estate prices caused the Japanese economy to overheat in what was later to be known as the Japanese asset price bubble caused by the policy of low interest rate by Bank of Japan.

However since 2000, Kazakhstan's economy grew sharply, aided by increased prices on world markets for Kazakhstan's leading exports — oil, metals and grain.

However, in these countries, collective agreements are not widespread ; only a few businesses and a few sectors of the economy have a strong tradition of finding collective solutions in labour relations.

However, the 1997 Asian Financial Crisis, coupled with the Lao government's own mismanagement of the economy, resulted in spiraling inflation and a steep depreciation of the kip, which lost 87 % of its value from June 1997 to June 1999.

However in recent decades an alternative Marxist-Leninist economy that exists is the Socialist market economy that has been used by the People's Republic of China, Socialist Republic of Vietnam and historically by the People's Republic of Hungary and the Socialist Federal Republic of Yugoslavia.

However by 1924, considerable economic progress had been achieved and by 1926 the economy regained its 1913 production level.

However, Namibia's economy is heavily dependent on the earnings generated from primary commodity exports in a few vital sectors, including minerals, especially diamonds, livestock, and fish.

However, when Puerto Rico changed its mostly agricultural economy to an industrialized one, and the U. S. and Puerto Rican governments started investing heavily in interstate highways and freeways, the railroad business soon collapsed.

However no thought appears to have been given in the recent developments to providing up-market hotel and tourist accommodation which would revitalise the economy of the town.