Word: slowdowns
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Dates: during 2000-2009
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...home, a significant impact of the European slowdown is likely to be a rise in unemployment. The number of jobless in the E.U. dropped sharply between 2005 and 2007 and then flattened out at 25-year lows. But the latest statistics from France, Ireland, the U.K. and some other countries show that the unemployment rate is starting to pick up again. The IMF, which has slashed its growth forecast for the euro-zone countries for 2009 to a negligible 0.2%, predicts that the percentage of jobless in those 15 countries will jump above 8%. Worst hit will be Spain, where...
...China's export-driven economy will suffer in a global slowdown, but the country is in a better position than many to ride out the storm, argues Kroeber of Dragonomics. "Commodity price are falling, reducing the price of manufacturing. And in any case, China makes the things you buy in Wal-mart and people will keep shopping there. It's countries that produce more high-end goods that will be worse affected...
...face of America's current economic troubles: cross the state line into Ohio, which has a far greater exposure to the American auto industry, and the pain is palpable in industrial shops in Finley and Toledo. They don't have to be told that we're heading for a slowdown; they're already in one. But if Pittsburgh is any indication, there is virtue to going through hard times. The hard part is that it might take a decade to realize...
...According to Lu, China's .27 basis-point cut signals that the country is now less concerned with fighting domestic inflation than in joining the rest of the world in battling a global slowdown. In a report released today, the International Monetary Fund warned that the world economy has entered a "major downturn" that would likely get worse before it gets better. It said central bankers trying to get a handle on the situation were "between a rock and a hard place...
...Those choices do not seem to include any slowdown in snapping up the work of rising Southeast Asian artists, however. The Sotheby's auction for modern and contemporary Southeast Asian paintings on Oct. 6 had better sales, with I Nyoman Masriadi's "The Man from Bantul (The Final Round)" selling for $1,006,356 - a record price for both Southeast Asian contemporary art and the Indonesian artist. While Chinese contemporary art is looking like it may be heading for a slowdown, Bashat says, "Southeast Asian art still has appeal in this sense: good value art at reasonable prices, and artists...