Downturn
in sentence
613 examples of Downturn in a sentence
After mitigating the downturn, central bankers must withdraw the immense infusion of liquidity before inflation takes off, a tricky maneuver.
Although many people seem amazed that India has maintained rapid growth for so long – even in the face of the global
downturn
– surprise is unwarranted.
The
downturn
has nothing to do with problems in other emerging economies; in fact, it is a welcome development.
But the downturn, which resulted from April’s consumption-tax hike – from 5% to 8% – cannot be blamed on Abenomics.
By 2008, they were in a strong enough position to respond to the financial crisis by allowing larger budget deficits and thus mitigating the
downturn
in 2009.
But they cannot rule out the downside risk of a synchronized global
downturn.
Fads, Frenzies, and FinanceBarcelona – The financial crisis, credit crunch, and ensuing economic
downturn
have severely damaged the credibility of financial markets, institutions, and traders.
But even these benefits may be curtailed by the continuing economic
downturn
in much of Western Europe.
Now that the bubble has burst, America’s current economic
downturn
is likely to be far worse than previous ones, because US enterprises will have to be rebuilt, slowly and carefully.
The productivity growth that was sustained through the
downturn
presented both an opportunity and a challenge.
Tensions hidden during the long Clinton-era boom rose throughout 2001, when America tried to address its economic
downturn
by rapidly easing its monetary and fiscal policies.
Then came the debt crisis of the 1980’s, the extreme structural reforms and financial collapses of the 1990’s, and a new global
downturn
in 2001.
The credit crunch in the banking system is becoming more severe as banks deleverage by selling assets and rationing credit, exacerbating the
downturn.
Although economic activity has recently increased, the eurozone has lost the ability to respond to the next
downturn
when it happens, as it inevitably will.
Whatever the cause of the next downturn, ECB policies that helped in the past would no longer be available.
In short, the ECB would be unable to respond to an economic
downturn
by lowering interest rates and buying long-term bonds.
Whereas the US could respond to a new
downturn
with fiscal stimulus, it is difficult to see how this could be achieved in Europe.
Each country would have to agree to a combination of tax cuts and increases in government spending scaled to the size of the economic
downturn.
Waiting until the
downturn
occurs to plan this coordinated response would be a mistake.
In the US, we can already see signs that the
downturn
that started in 2008 is casting its shadow on the future.
Under these conditions, another global
downturn
could prompt Italy and other countries to exit the eurozone altogether.
And in Europe, the rise of populist parties is making it harder to pursue EU-level reforms and create the institutions necessary to combat the next financial crisis and
downturn.
Unlike in 2008, when governments had the policy tools needed to prevent a free fall, the policymakers who must confront the next
downturn
will have their hands tied while overall debt levels are higher than during the previous crisis.
This recovery has been much weaker than previous ones because of fundamental differences in the cause of the
downturn
and in the policies chosen to achieve recovery.
But this time the
downturn
was not caused by higher interest rates, and reducing those rates did not produce a strong rebound.
Because the
downturn
was not caused by high interest rates, lowering them could not lift the economy out of recession.
There is excess capacity in some heavy industries and in residential real-estate markets in some second- and third-tier cities.Local governments have significant debts that were incurred at the request of the central government in 2007 and 2008 in order to avoid a serious economic
downturn.
The reason is straightforward: whereas equity can absorb a business
downturn
– profits fall, but the firm does not immediately fail – debt is less forgiving, because creditors do not wait around to be paid.
For example, the ongoing eurozone
downturn
has hurt Turkey and emerging-market economies in Central and Eastern Europe, owing to trade links.
By contrast, emerging economies suffer from a downturn, but their situation is fundamentally sounder, which should be reflected in the value of their currencies.
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