Word: downturning
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...decade earlier. The export share of panregional gross domestic product (GDP) hit a record 47% in 2007, fully 10 percentage points higher than the portion in the late 1990s. With approximately 50% of those exports earmarked for the rich countries of the developed world, a rare and sharp synchronous downturn in the U.S., Europe and Japan undermined an increasingly important source of Asia's seemingly invincible growth dynamic. Far from celebrating a newfound resilience, the region was reeling from a severe external shock. Like it or not, Asia's newfound ascendancy remains precarious...
...Then fortunes turned. Demand for Crocs, which are named after a crocodile because they can be worn on both land and in the water, began to cool in early 2008. Throw in the global downturn and sales tumbled 15% to $721.5 million in 2008, leading to a loss of $185 million, following a profit of $168 million a year earlier. Its share price plummeted from a high of $74 in November 2007 to a low of just $1.05 last November. It was, says John Duerden, Crocs' chief executive, "the perfect storm." (See pictures of 23 years of Air Jordans...
...what must seem like a cruel joke to many, the accounts proved the most dangerous for those closest to retirement. During the market downturn, the 401(k)s of 55-to-65-year-olds lost a quarter more than those of their 35-to-45-year-old colleagues. That's because in your early years, your 401(k)'s growth is driven mostly by contributions. You control your own destiny. But the longer you hold a 401(k), the more market-exposed it becomes. It's a twist that breaks the most basic rule of financial planning. (See 10 ways...
...suffered airport gridlock, interminable flights in cramped seats or vanishing luggage - and those of us who haven't have surely endured the horror stories secondhand. If you're grumbling now, consider that airline performance has been above par - if far from stellar - since travel dropped sharply amid the economic downturn and that both ticket prices and congestion are expected to spike when the staycations end and customers return to the skies. A new report from the Brookings Institution puts air-travel trends into perspective. The U.S. air-traffic system relies on 26 metropolitan hubs to ferry nearly 75% of domestic...
...that would not be tapped for ongoing operational expenses. The fund could be used to help the Chilean economy avoid an economic collapse; when the worldwide financial crisis broke out 18 months ago, the Chilean government was ready with a countercyclical budget—it spent to cushion the downturn and reactivate the economy...