Word: downturn
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...though an economic downturn might motivate us to start making a real mark on the world, it also introduces trouble on the horizon. And I'm not talking about the usual effects of a recession: the blow-dried reporters tromping through small-town cafes, trying to coerce a little vox out of the unemployed populi who glare suspiciously at them; nor am I alluding to eyeball-glazing newspaper business features led by headlines like, "Whither Textiles?" I'm referring to what happened the last time there was a burp in the economy, in the early 1990s: the transformation of harmless...
...says. "Now they're getting worried." And the funny thing about consumers is that when they start to fear a recession -- after, say, watching their stock portfolios grow sickly since July -- they end up creating one. "If people do indeed cut sharply back on spending, it could accelerate any downturn the U.S. has, in both speed and severity," says Baumohl. "Consumer spending accounts for two thirds of all U.S. economic activity." So be warned: If the recession comes, you'll have no one to blame but yourself...
Kathryn A. Knowles, a recruiter with Austin, Tex.-based Trilogy, cautioned that even the smartest students aren't "immune from the economic downturn...
...biggest worries in a sustained market downturn is that it might depress consumer confidence and spending. Contrary to popular belief, though, big stock market drops alone rarely herald recessions. According to a study by Peter Temin, an economics professor at M.I.T., falling stock prices directly caused only one minor economic downturn in this century...
...crisis demands a response on the scale of the Marshall Plan," says Baumohl. "But Japan is paralyzed, Europe is cautious and Clinton's presidency is weakened. They're unlikely to muster the political support for the spending required by such a plan." With the effects of the global downturn looming just over the U.S. horizon, Clinton's '92 campaign mantra sounds more current than ever...