So far, at least, none of these has prevented what may be a nascent recovery.

Economists say that difference speaks volumes about the strength of the nascent recovery in Japan's economy, the world's second largest.

But now there is growing concern among companies and politicians that the euro will rise far enough to damage the nascent European recovery.

Damages from the earthquake could still set back the nascent economic recovery, although many economists believe the rebuilding will stimulate growth in the long run.

The Fed appears to be following a policy now that favors holding rates steady or reducing them to keep the nascent recovery going.

That threatens to derail the industry's nascent recovery after one of its most difficult periods since the Depression.

Political confusion could also delay Japan's nascent economic recovery.

But a tax increase would be politically unpopular and would undermine the nascent economic recovery.

Economists are watching inflation closely to see whether it will threaten the city's nascent economic recovery.

One reason for the influx of foreign capital is that New York still looks cheap, despite the nascent recovery.