Downturn
in sentence
613 examples of Downturn in a sentence
After a sharp
downturn
in 1999-2001, the economy grew by 5% per year on average from 2002 to 2012.
But when systemically vital firms overdose on repo, we all pay, first as taxpayers when the government bails them out, and then as we suffer from the resulting economic disruption and
downturn.
Even well-managed banking systems would face problems in an economic
downturn
of Greek and Spanish magnitude; with the collapse of Spain’s real-estate bubble, its banks are even more at risk.
The
downturn
caused the deficits, not the other way around.
Where most forecasters and policy officials saw green shoots and reasons for confidence, I saw strong headwinds that would cause an economic
downturn
and then a subpar recovery.
But the US economy has a better chance of achieving a significantly higher real growth rate in the coming year than at any time since the
downturn
began.
But don't be surprised if the next European
downturn
will be blamed on the US and the depreciation of the dollar.
According to the CBO, less than half of the 5.7%-of-GDP increase in the budget deficit was the result of the economic downturn, as the automatic stabilizers added 2.5% of GDP to the rise in the deficit between 2008 and 2010.
The CBO analysis calls the changes in the budget deficit induced by cyclical conditions “automatic stabilizers,” on the theory that the revenue decline and expenditure increase (mainly for unemployment benefits and other transfer payments) caused by an economic
downturn
contribute to aggregate demand and thus help to stabilize the economy.
Since January, when Switzerland responded to the euro’s depreciation against the dollar by abandoning its peg to the European currency, the country’s economy has experienced a
downturn.
A spike in defaults could destabilize the entire financial system and trigger an economic
downturn.
Their emphasis has been on countercyclical measures intended to moderate the
downturn
rather than on restructuring.
Another round of global stimulus after the
downturn
is over or nearly so would push world interest rates up and drive investment activity down.
The best way to shorten the
downturn
is to restructure the economy in such ways that it recovers to a higher “new normal” level.
The magnitude of the private-investment
downturn
was, in fact, unprecedented – and lies at the heart of Europe’s economic malaise.
At least in East Asia, the IMF recognized that excessive fiscal stringency contributed to the downturn, though it still pushed excessive fiscal stringency in Argentina when that country went into crisis, with predictably disastrous results.
Keynes argued not only that markets are not self-correcting, but that in a severe downturn, monetary policy was likely to be ineffective.
US Federal Reserve Chairman Ben Bernanke has tried hard to avoid having the blame fall on the Fed for deepening this
downturn
in the way that it is blamed for the Great Depression, famously associated with a contraction of the money supply and the collapse of banks.
Just as the magnitude of the global
downturn
that began in mid-2008 took most economists completely by surprise, so did the sclerotic nature of the recovery.
Worse, should the global economy experience another significant downturn, policymakers will find it much harder to respond than they did before.
If another economic
downturn
were to fuel further nationalist gains and faster erosion of international cooperation, we could find ourselves on an old, familiar, and extremely dangerous path.
Normally in an aging expansion, the government looks for ways to increase its policy flexibility as preparation for a possible future
downturn.
With export performance also set to slow, owing to the economic
downturn
in the United States, employment and growth could be weakened further, which implies mounting pressure on China’s government – and thus on the fiscal deficit, creating another source of inflationary pressure.
Until about five years ago, American economists bemoaned a "growth slowdown," a
downturn
in productivity growth beginning in the 1970s.
It is, of course, in times of economic
downturn
that countries worry most about their credit rating, so the IMF stance is particularly unhelpful.
Next it was the
downturn
of 2008-2009.
The negative impact of a
downturn
in housing prices in these two countries should thus be limited to a drop in consumption.
In short, the
downturn
in house prices will not be limited to the US.
CAMBRIDGE – In the early days of the global financial crisis, there was some optimism that developing countries would avoid the
downturn
that advanced industrial countries experienced.
The commodity
downturn
need not stop Africa’s development.
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