Word: recessional
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What the Chinese government has not been able to solve because it does not have to power to is the rapid and intractable drop in exports. It shows how dependent the country is on its trade partners. With the recession in the major consuming nations deepening and signs that it...
On the once thriving Revolution Avenue that runs through this unwieldy border city, Oscar Rivera eyed a solemnly empty store of sombreros and ponchos. Amid a global recession and drug war that is terrifying American visitors, business has nose-dived, Rivera says, falling a staggering 85%, compared with last year...
Now we're stripping down and starting over. A platoon of TIME reporters and pollsters fanned out to every corner of the country to measure - anecdotally and empirically - what's changed in the way we set our priorities and spend our money since the Great Recession began. Most people think...
See pictures of the recession of 1958.
There is little that is surprising about this. It has long been Mexico's fate to make it onto the front pages of U.S. newspapers only when the news from there is bad. Pessimists could add to the drug wars the parlous state of the Mexican economy - dragged down, as...