Prices of long-term Treasury bonds posted a moderate recovery, pushing interest rates down slightly.

"That is the sign of an economy that is in a moderate recovery," he said.

And the fact that almost all forecasts agree that a moderate recovery is around the corner should not inspire great confidence.

These changes in the conduct of economic activity fueled a moderate economic recovery in 1998-99.

But the expectations for a moderate economic recovery in the United States turned out to be overly optimistic.

Many economists think that the US could see a moderate, but steady recovery over the next few years.

While the rial made a moderate recovery during the Fall of 2010, it rapidly began to lose value again in January 2011.

Even a moderate recovery under Phocas may have taken place.

He oversaw the company's near collapse in 2008 and its moderate recovery since.

The rest of the 1930s saw a moderate economic recovery stimulated by private housing.