Word: downturn
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...billion last year because of higher gas prices. "The danger is that OPEC could be too successful," says Nariman Behravesh, chief global economist for DRI-WEFA, an economic consulting firm. "If they hang tough with their quotas and oil prices stay high as the world economy slows down, the downturn could be even more pronounced...
...billion last year because of higher gas prices. "The danger is that OPEC could be too successful," says Nariman Behravesh, chief global economist for DRI-WEFA, an economic consulting firm. "If they hang tough with their quotas and oil prices stay high as the world economy slows down, the downturn could be even more pronounced...
...EUROSCLEROSIS Europe has been getting that sinking feeling all year, an inevitable result of the U.S. economic downturn. After expanding 3.4% in 2000, the single-currency system could see its growth plummet to 1% or less this year. But here's the rub: even as the 12 member countries' economies languish, the European central bank, which conducts a single monetary policy for all euro-zone nations, has been very skimpy in lowering interest rates. After seven rate increases within a year, the ECB grudgingly dropped rates just once, on May 10--and then by a quarter of a percentage point...
...zest, his beloved game had landed in the rough. For all its apparent popularity, golf is not attracting new players, and those who do play are not playing as much. The wave of aging baby boomers the industry counted on to hit the links never materialized, and the economic downturn has further stalled any rush to the thousands of underused courses built in recent years...
...Sadly, there appears to be no magic stock or sector that's going to ride to the rescue. Unlike the crisis of 1997-99, which was limited to this region, the U.S. downturn leaves all economies stuck in neutral. On the principle of first in, first out, you could invest in the U.S. where the economy will likely rebound before anyplace else. Which American stocks make sense? The safest bets are companies whose products are always in demand, downturn or no downturn?pharmaceutical manufacturers, for instance, or big food companies...