Word: downturn
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...fiscally disastrous for the country’s fragile economy. The federal deficit, representing 2.7 percent of the nation’s gross domestic product, could potentially lead to increased interest rates, endangering future economic growth. While presently low interest rates have protected middle-class homeowners from the economic downturn by allowing them to refinance mortgages, large government deficits—and spiked interest rates—would leave these families without such a safety net. Higher interest rates will also deter businesses from borrowing, leaving capital investment stagnated as well...
These proposals are negligent and insensible. The widening gap between revenue and spending will have detrimental effects on the economy in future years, and those who are feeling the economic downturn the most are losing key social programs. If passed, the damage of these proposals could be felt for years to come...
...Million people in the world's tourism industry have lost jobs since 2001 due to the global economic downturn and terrorism-related anxieties...
...primary reason is the downturn of the economy, which affected both the GSE and Ms. Fonda,” Haas said...
...intently through the racks of ceramic bowls and cloth napkins. Like thousands of other Parisians mobbing the stores during the after-Christmas sales, Andriavaloherinaiva is braving not just France's frosty weather but an equally chilly economic climate in his pursuit of a bargain. He is unfazed by the downturn that has led some economists to predict France's GDP growth could be as low as .9% in 2003. "I'm not worried," he says. "I still have the same spending pattern as always." But many government and industry types are plenty worried. Beset by feeble growth and preoccupied with...