That has contributed to a sharp slowdown in consumer spending.
The Government has been trying to hold down growth to restrain inflation, which did show a sharp slowdown last year.
But a sharp slowdown in sales took hold two years ago.
Even in a sharp economic slowdown, the new economy seems to be surviving.
Even with a sharp slowdown, the company could still earn $1 billion this year.
A sharp economic slowdown in America has cut into sales of many luxury brands.
So far the economic data in Europe, unlike here, does not show that a sharp slowdown has arrived.
Although stronger than expected, it was still a sharp slowdown from the first quarter's 5.5 percent rate.
The growth rate was a sharp slowdown from the 6.6 percent that Japan experienced in the first quarter.
Yesterday's report also offered more evidence of the sharp slowdown in inflation.