Mr. Graham said the outlook for 1992 would be soft unless there was some significant upturn in the economy.

The Reagan tax cut did coincide with a significant upturn in the economy in the early 1980's.

Also, Dillard started the year with a plan that projected a significant upturn in consumer spending and ordered merchandise accordingly.

And there's been a significant upturn in business that we haven't seen in years.

Recent renovations to several Main Street buildings mark the first significant upturn in the local economy in several decades.

The latest significant upturn started with the construction of a Sugar beet factory in 1883.

"But we've had a significant upturn for September."

"We are not planning for a significant upturn in demand for information technology," Mr. Connors said.

As Finance Minister he was responsible for the decision to take South Africa off the gold standard, one that led to a significant economic upturn.

The downward trend may flatten out, but no significant upturn is expected until 1993.