Word: bleak
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Black Friday is over, and retailers are breathing at least a small sigh of relief. Results were not as bleak as some feared; consumer spending rose a surprising 7% over last year. Now websites are kicking off their own holiday shopping season, and hopes for similar results are high...
...increased only 3 percent from last year, and all local business owners acknowledged feeling the effects of the slowing economy. At the Adidas Store on Mass. Ave., where employees handed out coupons mimicking back-stage passes that offered passers-by the chance to win gift certificates, managers were decidedly bleak about business prospects. “Not well,” said Assistant Manager Maria S. Lacuesta when asked how Black Friday sales at the boutique were progressing. At major retailers in Harvard Square—The Gap, Eastern Mountain Sports, and Urban Outfitters—traffic throughout Friday afternoon...
...gloom-and-doom camp makes a persuasive case. Nouriel Roubini, a professor at New York University, had been warning for years of the dangers of an international financial implosion - and the current economic crisis proved him depressingly right. In a recent article Roubini has laid out a bleak scenario for China. "The risk of a hard landing in China is sharply rising," he writes. "A deceleration in the Chinese growth rate ... is highly likely, and an even worse outcome cannot be ruled out." But a clique of China specialists inside the country predicts a different outcome. They believe that...
...region's most promising economies. With foreign investors and tourists (who bring in some $16 billion a year) spooked by the political instability and Thailand's manufacturing base bracing itself for a drop in global export demand, national growth forecasts for 2009 hover at a bleak...
...aside, Thailand's leadership crisis is derailing what once was one of the region's most promising economies. Political street violence in Bangkok has claimed several lives over the past couple months, and spooked investors and tourists, on whose dollars Thailand depends. Growth forecasts for 2009 hover at a bleak 3%. But even as these troubles mount, neither the government nor the opposition appears willing to give ground. Somchai has refused to resign, and the PAD vows to keep up its campaign even if it means further tarnishing Thailand's reputation as a stable democracy. Further complicating matters, the lead...