And there are long, variable lags before policy changes have any effect on the economy.
Look at the current generation of schoolchildren and Texas is doing much better, but the South still lags.
Though Chinese people have been growing increasingly taller over the past century, their growth rate still lags behind that of other countries.
Tourism personnel resources development in Liaoning province, especially in the administrative offices, lags behind, which seriously affects the development of tourist resources and tourist industry.
In the UK, electronic publishing lags behind the US, but many of the brightest publishing brains, notably Enhanced Editions, are looking hard at the potential of the book as app.
Introduced similar features some time ago, yet still lags Facebook.
There is little question that, in terms of star power, Madrid's defense lags behind the attack.
In the course of population urbanization, education lags behind, develops in monotonous form and is in shortage itself.
In Asia, novelty cake designs are not new, but the scene still lags behind that of the U. s., and most cake decorators' creations are much less grand than Mr. Tay's.
He lags the others in the race.
China lags behind the world in terms of per capita hold of resources.
Sub-Saharan Africa lags on all counts, including the goal for poverty reduction, though many countries in the region are now experiencing improved growth performance.
Employment lags economic output and is an admittedly imperfect indicator, but if you continue the analogy, it may be that the next 4-5 year boom cycle lasts until 2015!
Texas still lacks California’s great universities and lags in terms of culture.
Activity attributes include activity codes, predecessor activities, successor activities, logical relationships, leads and lags, resource requirements, imposed dates, constraints, and assumptions.
My thinking always lags behind reality.
In practice, however, lags in this adjustment meant that reserves were needed to finance temporary trade gaps.
The statistical results show that the publication lags of Chinese periodicals are longer.
Of course, the prices of all fossil fuels tend to move together, but timing lags among the different types of fossil fuels can give the economy significant adjustment room.
Ideally, fistulas should be prevented, but prevention — which requires education, more hospitals, doctors and midwives, and better transportation — lags far behind treatment.
India lags far behind.
Capital spending may not be too far behind: Mr Reckons that it lags cashflow by about eight quarters.
Yet although Italy's admirable small businesses in the north are thriving, the country as a whole still lags behind badly.
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