Word: downturn
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...assembled for one of the year's most important business gatherings and gave their forecasts for 1958. As usual, the opinions spread across the full spectrum. But while in past years the great majority saw nothing except boom on boom, this time the prevailing forecast was for a downturn-though a minor one. Of 68 conference members answering a poll on 1958 business, most agreed that business would slip a bit until well into 1958, with an upturn starting late in the year. Only five expected a steady rise throughout the year; only four predicted a continuous decline. Said...
From U.S. companies last week, came a broad cross section of third-quarter earnings. Despite talk of a business downturn, many a company reported sales and profits up substantially, although there were cases where fast-rising costs had kept profits below the sales increase...
...economists argue that a severe downturn is imminent-the U.S. economy still shows too much vigor for that. But the boom psychology that has nurtured high-riding confidence for more than two years is sensitive to the least faltering in the economic indexes. Last week there was enough evidence of a flattening out in the boom, added to the cutback in Government spending, to send the stock market spinning (see below) and to have an unsettling effect on businessmen and economists alike...
...proclaimed during a recent Cleveland debate that "we're in the beginning of a postwar depression cycle," the emphasis, in stories was on his charge, not the rebuttal. Says Editor Tom Campbell of The Iron Age magazine: "Never has so much ink been spattered around about a 'downturn.' The general theme seems to be that if we are not headed for the roof we must drop to the cellar...
...taking corn land out of cultivation. Farmers have withdrawn a total 5,200,000 acres this spring, cutting expected corn acreage by nearly 10%. While the basic problems of oversupply are still far from solved, even the most pessimistic farm economists believe that the farm cycle has ended its downturn, and stabilized...