downturn

In the current economic downturn, the firm has no doubt already laid off a good number of bright young peo-ple like Ms Clinton.

The HKSAR Government SME Committee was set up to look for ways to help SMEs in time of economic downturn.

"The theme was that pharmaceutical prescriptions are more of a necessity [even in an economic downturn], " says Prof Levich.

Issuance activities of non-Exchange Fund paper slowed down in the year amid economic downturn and a poor external environment.

A company co-founder said the need for such a service had collapsed amid the economic downturn.

The risk of a protectionist reaction is all too real, especially in a global economic downturn.

It did not avoid the downturn, but was among the last in and the first out.

The company came out of the recent downturn with strong revenue numbers and earnings up 53% for the most recent quarter.

In the present global economic downturn, China is among the few countries that have the economic muscle to pull the world out of it.

The stress tests were aimed at estimating how much each bank would lose if the economic downturn proved even deeper than expected.

drum up customers in the economic downturn: letting customers decide how much they want to pay for their meal.

"The force and breadth of (the downturn) seems so much greater this time, " he said.

He said the unemployment rate remains "unacceptably high" and that faster growth is needed to replace jobs lost in the economic downturn.

There has been a downturn in the market, there's no doubt, but we still have to plan.

"First of all, we're coming out of a downturn. And number two, they are expanding their addressable market quite rapidly, " he said.

How much of the downturn in sales can be attributed directly to the freezing of credit is hard to say.

Yet already this downturn seems to have created winners and losers, with balance-sheet strength the differentiating factor.

Waiting it out: The global economic downturn has pummeled China hard, with migrant workers being among the worst hit.

China faces the possibility of a second downturn with its fate still wedded to that of the West.

Phil Woolas, the Immigration Minister, said that there was likely to be a "time lag" in non-UK workers losing their jobs during a downturn.

S. banks. And it raised questions over whether the bank was strong enough to withstand another economic downturn.

But, on the whole, protectionism has not been a hallmark of this economic downturn.

Cost cutting during a downturn is often necessary to ensure a company's current profitability and future competitiveness.

Increasing lending into a downturn seems to be a perfect recipe for jacking that up across the industry.

The current economic downturn grew out of a culture of irresponsible lending and borrowing and "a failure of the entire system, " he said.

We've seen customers that we have had for quite a few years that haven't ordered this year so we have seen a downturn in sales.

The length of a downturn can be measured against earlier recessions , but its intensity is harder to quantify and compare.

In short, whatever the economy shed in terms of output during the downturn it is now making back in double-quick time.

He said the downturn would affect government finances and lead to a "temporary budget deficit" .

Had not the Depression taught that attempts to balance the budget would only worsen an economic downturn?

The company, launched during the worst downturn since the Great Depression, is bleeding cash as it continues to invest in the business.

Extensive operating costs and marginal advertising revenue in the economic downturn have made it a challenge for YouTube to turn a profit.

Across the U. S. , the economic downturn has affected loan access for students in at least two ways.

He also warned that the global nature of the downturn was a threat because exports would be hit.

How much will the financial crisis and economic downturn affect public health, both internationally and within individual countries?

I think with the economic downturn they're trying to take advantage of us, as a way to cut retirees' benefits and justify it.

Despite the macro- and microeconomic hurdles, there are advantages for executives trying to drive through wholesale reforms in a downturn.

In the early months of the economic crisis, the conventional view was that the world would slide into a synchronised downturn.

Each rise of a skyscraper breaking the world record tends to be followed by an economic downturn.

So there might be something of a double whammy happening there if the US had a severe downturn.

The temptation to loosen belts must be resisted if the airline is to be ready for what Mr Grinstein calls the next "inevitable downturn" .

Speaking in Tanzania, IMF managing director Dominique Strauss-Kahn said the economic downturn would be more severe than previously thought.

If the downturn lasts only a year or two the attitudes of such people may survive the pain of retrenchment.

But managing Britain's economy out of a downturn now looks at least as urgent.

Such a scenario could force Australia into a hard landing that would be likely to prolong and deepen a downturn.

China has been running conservative fiscal policies in recent years, which gives it a lot of room to expand spending in a downturn.

There had been speculation that Mr Reddy's term might be extended for a year to maintain stability during the economic downturn.

That may be why, he said, the company prospered through the economic downturn.

Take a hard look at what you own, and what sort of downturn you think you could handle.

It's a long-term priority, and not the kind of thing to be derailed by an economic downturn.

"Incomes [of our prospective customers] at the top end of the market will not be all show much of an impact [from any downturn]. "

Ireland, meanwhile, is often cited as a country where public-sector workers have reacted to a sharp downturn with impressive self-denial.

The performance of the online travel agencies during the downturn seems to be reversing years of market share erosion.

So the downturn is only now beginning to reach tony areas in north Dallas, where prices fell 17% in the first half of this year.

They are trying to benefit from dissatisfaction among wealthy clients with advice they received during the financial downturn.

A second downturn, if it is allowed to happen, will overwhelm the effect on the debt of any short-term tightening.

"Without substantial policy action, we would almost certainly face the worst economic downturn since the Second World War, " he said.

The stress tests were aimed at estimating how much each bank would lose if the economic downturn proved even deeper than currently expected.

Hyundai was one of the few manufacturers to increase sales and gain market share during the global economic downturn.

"We forecast the commodity cycle to transition through 2008 into a clear downturn by 2009, " the bank said in a report in February.

By the time tax cuts and spending increases arrive, the downturn is often over, and the extra stimulus simply adds inflationary pressure.

Experienced senior executives are convinced that this downturn will produce a new crop of world-beating businesses.

The rise, compared to a year earlier, breaks a 13-month decline in trade as a result of the global downturn.

"The fact that we have had this downturn doesn't obscure the fact that it's a very promising business model, " he said.

A stock market bottom is a trend reversal - the end of a market downturn and the beginning of an upward moving trend.

The WTO believes that the downturn in the global economy appeared to be slowing, with Asia leading the world out of recession.

The company has since been losing orders and customers due to its precarious financial situation and the overall global economic downturn.

But now the city illustrates just how hard the global downturn is hitting employment in China, and how much it scares government officials.

Short courses, the bread and butter of many schools, are often the first to be axed by companies in the face of any economic downturn.

Despite the pressure on salaries during the downturn, a good rule of thumb is to ask for a 10% higher salary, says Ms. de Lande Long.

trying to convince an America hit by an economic downturn and fighting an unpopular war in Iraq. . .

Problem is, the minute it seems there might be an upswing, it turns back into a downturn.

But Mr Buffett added he would give them a pass because he did not "cover himself with glory" during the downturn either.

Since the last MPC meeting in December, the UK downturn has continued to deepen.

The bankruptcy of a major bank or an EU member state would be enough to trigger the next global downturn.

TSMC was one of the first big chipmakers to restore investment plans that had been curtailed by the downturn, and is expanding its R&D team.

So do not be surprised to see more "quantitative easing" with each successive downturn in the economy.

Now, however, the company is confronting a game-changer that Mr Lafley had not foreseen: a global economic downturn.

NET EXPORTS Not long ago, it looked as if the rest of the world would save the United States economy from a deep downturn.

He said keeping the yuan stable was "an important contribution" to global recovery from the economic downturn.

But that economic climate has changed dramatically during the past six months, and the global downturn seems to have changed his view.

Australia was one of the few rich countries to weather the global downturn without slipping into recession in 2009.

They fear that inflation now has such a firm foothold that it could take a serious downturn to stop it.

"In a downturn, you need any type of stimulus you can get and a lower oil price can help, " he said.

But in his own way, Mr Cameron has been a victim of the credit crunch and the downturn too.

The bank said in an email on Tuesday it sees significant potential opportunities arising from the market downturn.

Even taking the recent global downturn into account, this has been a hopeful time for a historically downtrodden continent.

It had plenty of scope to do so, for savings ahead of the downturn accounted for more than half of GDP.

They also help the companies to improve their public reputations at a time when business is widely held to be responsible for the downturn.

But it warned that 2009 would be "a very difficult year" due to the global economic downturn and its negative impact on the travel sector.

Not long ago it was widely assumed that the downturn would be sharp enough to take out more than one big carmaker.

Leslie McGibbon of InterContinental says his firm is still signing up new hotels at a rate of two a day, despite the downturn.

Lower oil prices in the global downturn have led to second-quarter profits at BP more than halving from a year ago.

Together, these problems raise the possibility that the United States is not merely suffering through a normal, if severe, downturn.

Most economists say the policies Washington followed during the first years of the Great Depression made the downturn worse.

China has been responsible for keeping the world economy growing as the advanced industrial economies went into a downturn.

I felt that the combination of poor sentiment, valuations and the length of the downturn argued for a reversal of the bear market.

The real estate market suffers a sharp downturn, and Huff & Puff is unable to pay one of its largest suppliers, Big Bad Wolf Supplies.

This downturn will not be over until share prices of financial stocks stabilise, and thus far there is no sign of that occurring.

Market analysts say investors have yet to see relief in the global economic gloom as more statistics point to a deepening downturn.

Although the downturn has not stopped consumers slurping ice-cream, it has affected the bottom line.

Law firms, in the past, have been among the last to feel the effects of a downturn.

The worst downturn since the Great Depression is only part of the problem.

The need for aid is increasing as the downturn worsens the already parlous condition of the poor across the developing world.

The economic downturn will no doubt be very unpleasant.

Since every boom contains the seeds of the next bust, the best global growth in a generation created hubris, ensuring a major downturn.

This is still true of Volvo, even though it is no longer doing as badly as it was in the depths of the economic downturn.

Both went into the downturn less burdened by private-sector debt and with hefty current-account surpluses (see left-hand chart).

As Alan Greenspan famously said, the ongoing global downturn is a "once-in-a-century type of event. "

Professional firms are now trying to correct errors from the previous downturn when they cut too much.

As the West too suffers through a protracted downturn while its politicians bicker and dawdle, more voices are asking if the U.

Like a number of its Asian neighbours, the Philippines has begun to rebound from the economic downturn.

Becoming an entrepreneur seems to be in vogue in this downturn.

I could find little consensus at London Fashion Week on the impact the downturn might have on consumer behaviour.

The global economic downturn, which deepened after the Huiyuan bid was announced, might have hardened government opposition.

In a W shape or double-dip downturn, the economy returns to growth for a few quarters before worsening again, followed by eventual recovery.

The power industry due to rising electricity prices industry-wide impact of a profit downturn, many companies close to losing money.

You can sell at any time but you could get less than your investment if there were a property market downturn.

Investor said the project fell prey to a downturn in the Colorado economy when the oil and gas industry faltered.

Overall official figures for retail sales suggest that this downturn is no more dramatic than the one experienced in 2005 (see chart).

By itself, the Great Recession is the longest economic downturn in the United States since the Great Depression.

Keeping employees motivated has never been as important as during the current economic downturn.

The downturn in business activity is going to continue to put downward pressure on the commercial real-estate market.

Maserati is a tough sell at the moment, as premium luxury car sales have dropped off significantly due to the global economic downturn.

The economic downturn has also opened the door to a seemingly alternative ideology to the West's liberal-market approach.

But the downturn put an end to those plans, leaving the company with one of the sector's heaviest debt burdens.

Before the Great Depression of the 1930s any downturn in economic activity was referred to as a depression.

The Fed wants to err on the side of caution to avoid a repeat of 1937 when a "premature tightening" led to a sharp downturn.

He said in the interview he is convinced the U. S. is facing a substantial downturn in the months ahead.

As canaries in coal mines go, mining shares tend to be reliable harbingers of a sell-off in industrial commodities in a downturn.

Zhu Yinghua, an analyst with Soufun, said he sees no major downturn in prices of new homes across the country.

This is not to say that the economic downturn has had no effect at all on domestic life.

The strength of this revenue base means the company is hardly affected by the advertising downturn that has hit China.

In much of her speech, President Arroyo, an economist, boasted of the Philippines' economic resilience in the global downturn.

Financial markets were slow to realise that Asian growth and hence the profits of some companies would be dented by an American downturn.

Economic downturn, many competitors, maybe I'm not you seen the best, but I am definitely the most enthusiastic about this job candidates.

Air cargo has continued to decline, a further demonstration of the global economic downturn.

People are unlikely to be receptive to a message of voluntary austerity in the midst of a severe economic downturn.

The IMF predicted the downturn would continue well into 2010 and the U. S. , Europe and Japan wouldn't grow at all this year.

And a savage economic downturn in 2008 has added urgency to the heart-searching about immigration's costs and benefits.

"They don't want the U. S. to go into the worst downturn since the Depression, " Mr. Tilton says.

Business rates, paid on shop and company premises, can be just as hard to handle in a downturn.

Persistent fears of a deep economic downturn and deteriorating corporate performance are keeping the markets in Europe in a gloomy mode.

During the depths of the downturn, he asked his U. S. salespeople to fan out and find new clients, and is now reaping some of the benefits.

But South Korea was also able to recover more quickly because eachinterest group agreed to absorb some of the pain from the downturn.

But economists questioned whether Japan will be able to spend its way out of the economic downturn.

The high-tech economy has weathered the economic downturn well, at least so far.

Without China stepping up to the plate, any global downturn would be steeper and longer.

Draghi's just arriving, headline inflation is still high, there is no evidence yet of a significant downturn in the hard data.

When the economic downturn hit, Sparkman says, she was so deep into her major that she wasn't willing to turn back.

He blames a downturn in consumer confidence and a strong pound for most of its woes .

Instead many students aim to start their course close to the onset of a downturn, hoping their graduation will coincide with renewed growth.

This revival of animal spirits counts because so much of the downturn owed to a collapse in business spending.

Even some who believe that we are back in a bubble say central bankers have little choice, such is the scale of the downturn.

The need for guidance in this area has become all the more pressing at a time of global economic downturn and rising health care costs.

Only after the next economic downturn will it become clear whether the tighter rules have made American capitalism stronger or weaker.

The coming weeks will allow us to see just how prolonged and deep the general economic downturn will be.

And most of the big moves have been made by Japan's big export-focused firms, which were the first to be affected by the downturn.

These revenues have been useful for a government that wants to promote development, and especially to maintain growth during the downturn.

With Asia having firmly recovered from the economic downturn, people are simply 'looking to enjoy life more, ' she said.

"Given the downturn over the past few months, investors have shied away from this sort of strategy. "

Bernhard Nick, a BASF president, believes the measures taken during the downturn kept the company primed to capitalize on the recovery.

Neither of these parallels is exact, because today's global slump combines several types of downturn and an unprecedented policy response.

As economic uncertainty rises, consumer anxiety regarding the depth and length of the current economic downturn is understandable.

'The auto-industry downturn appears to be nearing a turning point, ' George Pipas, the top sales analyst at Ford, said in a conference call.

I'm sorry to hear that, but I guess the economic downturn has affected most businesses.

None of this can stop the downturn on its own, but it would help.

He quickly steered the country out of an economic downturn, with a leadership style learnt in the boardroom.

The marketing coup was devised entirely by Hyundai's U. S. managers and likely helped the company outperform its rivals during the downturn.

He ended up facing the worst downturn since the Great Depression and changing central banking in ways that will reverberate for decades.

For too long it thought it might skip the downturn altogether, and it was late to wake up to the extent of its banks' ills.

In contrast to trade, the investment impact of the global downturn has so far been hardest on the countries where the woes began: rich ones.

Ever since 2002, when America began to recover from a mild economic downturn, migrants both legal and illegal have streamed over the border.

China also has experienced enormous monetary easing over the past two years as authorities tried to mute the effects of the global downturn.

In both America and Europe, they are exhibiting the sort of behaviour that could turn a downturn into stagnation.

A downturn in economic growth lasting several quarters or more is usually called a recession.

Any action may come too late to stop a significant recession in Europe; already the purchasing managers' indices are pointing to a downturn.

This places them at the centre of one of the hardest- hit segments of the global IT industry as a result of the economic downturn.

However, at this time of economic downturn, it is our responsibility to help relieve the hardships faced by the community.

"The possibility of a sharp downturn is small, " he said.

Collectively, these actions should mitigate some of the impact of the global downturn, but mitigate is not the same as offset.

Reid maintains they helped create jobs in a state especially hard hit by a housing and economic downturn. In Washington, former state Sen.

However, the Far East is feeling the bite of the economic downturn as well, which may slow down the modernisation process.

However, it warned, the damage done to newspaper brands by such cuts may be "a more enduring operational legacy of the current downturn" .

As the industry plunges into its second serious downturn in two years, many also hope that it might lead to more consistent profits.

The latest leg of the downturn appears to be broad-based, as the credit drought cramps consumer spending, business investment and exports.

Banks should have thick-enough cushions of equity to be able to survive any likely depth of downturn.

AS CAR dealers know only too well, the global downturn has made people think twice before splashing out on pricey new machines.

"L. A. Noire" was the top-selling game in the United States in May, with an estimated 899, 000 units, despite an industry downturn.

There is also a strong link between the size of a bull market and the size of the downturn that precedes it.

The downturn would last two to three quarters and be "relatively mild by historical standards" , he said.

But if a global economic downturn is to be averted, some believe central banks in Europe and elsewhere will have to follow the Fed's lead.

Optimists argue that the scale of the downturn augurs for a strong rebound.

Company profitability has been better than expected back in the darkest days of the downturn.

Many investors seem to agree that the downturn will be short as well as shallow.

Mr Hopkins also said newspapers in Australia had proven resilient so far in the face of the global economic downturn.

Investors worried the new administration won't be in a position to act fast enough to avert a deep economic downturn.

And high oil and gas prices helped insulate it, along with the other energy-producing states, at the beginning of the downturn.

Eight of the 91 lenders it examined did not have enough capital to absorb hypothetical losses in the event of a downturn.

Japan was already headed for a downturn, contracting in this year's second quarter, as exports to its main markets slowed.

Are consumers prepared to pay more for their chocolates in the midst of a financial downturn?

As the US is heading for another downturn, it is hard to see how Germany can maintain its recent rates of growth.

For a start, she may benefit from having a strong, reassuring brand in a downturn.

Our state continues to struggle through the worst economic downturn since the Great Depression.

Gold prices, meanwhile, surged to a new record in major markets, amid fears that the U. S. and Europe were facing a new downturn.

The Depression began, to a large extent, as a garden-variety downturn.

NARRATOR: The U. S. economy was going through the worst downturn since the Great Depression.

Full recovery from the economic downturn may be stifled by an increasing focus on cutting oil consumption.

One, our industry is fundamentally measurable, and a bit more proven this downturn.

in the advanced stage of economic catching-up, due to lack of independent innovation, Japan ran into a long economic downturn.

There is no reason to see why the downturn should be any different in the UK, Ireland and Spain.

Before proclaiming global recession, it is also important to consider the extent to which a downturn has spread around the world.

American firms were slow to react to the downturn at the beginning of the century, and paid the price.

Both Maersk and DP World warned that they still faced risks from a downturn in the global economy, while they had yet to see signs of one.

In the middle of the worst economic downturn since the Great Depression, companies face a daunting choice.

That would be a terrible outcome: by depriving Europe's economy of credit, it would worsen the downturn.

There is no doubt that Expedia has gained new market clout in this economic downturn.

While GDP (gross domestic product) may have grown slightly in April and May, most commentators agree the UK is still in a downturn.

The British Chambers of Commerce warns of possible economic downturn in the next half year.

The immediate priority is to avoid renewed financial stress and a second economic downturn.

However, due to industry downturn, the letter of the company's sales or technology inevitably a serious decline.

In the presence of a joint fiscal retrenchment, in a weak global environment, such policies will almost certainly reinforce the downturn.

Mr Borchardt says he used to have a waiting list of two years, but the downturn has halved it.

China has rebounded faster from the global downturn than any other big economy, thanks to massive monetary and fiscal easing.

LATVIA'S self-discipline in the face of a sharp economic downturn and tough austerity measures gets plenty of praise.

"It was a sentiment-led downturn, it's a sentiment-led bounce as well, " Mr Hamilton said.

In the latest stock market downturn coincident with a weakening dollar, it has again been the exporters that have felt the most pain.

But even more worrying to the auto makers are signs that the downturn is part of a deeper generational shift among young Japanese consumers.

Whether stability is such a good thing in a downturn, though, is a different matter.

In many emerging markets, it's as if the downturn never happened.

A company faced with an acute downturn in demand for its products is not going to start investing immediately when interest rates fall.

The economic downturn in the US has hurt the pharmaceuticals industry worse than any other export sector in the Indian economy.

He had to close the door on that due to the economic pressures of the global downturn.

On a normal business level, United is in a very strong position and, so far, unaffected by the downturn.

The fast-growing economy is now at risk of an abrupt slowdown or downturn due to the global economic crisis.

But how is the new enthusiasm for entrepreneurship standing up to the worldwide economic downturn?

Confronted with the economic downturn and the high price of the commodities, Costco stuck to its price advantage of some special products.

Sound economic management has left Indonesia in a strong position to withstand the global downturn.

In part, this reflects the peculiar nature of this downturn.

This lack of access to credit, in turn, makes households and business less able to spend, lengthening and deepening the downturn.

I have little to add to that debate, but I can guarantee that for some of us, the impact of this downturn will last a lifetime.

This was not a desirable choice either, since they would have difficulty finding work during the economic downturn.

He told investors on this earnings call that it is now clear that we are in a global economic downturn.

One of these, Tourism Association Chairman Anusart Suwanmongkol, said Mr. Thaksin was told that the major concern is surviving the downturn.

Likewise, the softer impact of the recent downturn is explained by the fact that east German companies play little role in world markets.

But emerging markets could be headed for a more serious downturn no matter how economies fare in developed countries.

But this has not been enough to protect China from a global economic downturn.

Jobs stressed that it was difficult to determine how the economic downturn would affect Apple's sales.

It is still too early to look past the downturn in growth towards a 2009 recovery, and thus we expect markets to move in a wide range.

Still, the overall mood in the job market has taken a dramatic downturn from just a few months ago.