Standstill
in sentence
113 examples of Standstill in a sentence
By the time FDR was inaugurated in March 1933, the banking system and the entire economy were virtually at a
standstill.
Just as a lockdown-induced recession brought global economic activity to a virtual
standstill
in a mere two months, hopes for a V-shaped recovery are premised on an equally quick reopening of shuttered economies.
And sectoral situations are obviously worse: business output is down 40%, manufacturing output down 50%, and some services sectors have come to a complete
standstill.
It could impose a
standstill
on debt service, and it could force minority creditors to accept a deal approved by a qualified majority.
The US economy has come to a virtual standstill, with most of the services sector shut down, industrial activity disrupted, and a red-hot labor market giving way to a tidal wave of unemployment in the space of just a few weeks.
Here, it is important to remember the lessons of 2008, when G20 governments agreed to ambitious economic stimulus measures, regulatory reforms, and a
standstill
on protectionism.
Rather than a full-scale lockdown that brings economic and social life to a standstill, the response will rely mainly on strict but targeted rules for social distancing, face masks, telecommuting, video conferencing, and so forth.
In April, the World Bank and the International Monetary Fund offered a modicum of debt relief to many of these countries, and the G20 agreed to a temporary payment
standstill
for official debt, which paved the way for hundreds of private creditors to do the same.
In exceptional circumstances and in countries without market access, a debt
standstill
could complement official lending.
The Baker Plan likewise proceeded on the premise that the shock was transient and that a temporary debt
standstill
would be enough.
All private creditors need to participate on an equal basis in any
standstill
on debt service, both as a matter of fundamental fairness and to ensure adequate funding for emerging economies.
In order for emerging and developing economies to be able to withstand the shock of COVID-19, it is imperative that the
standstill
include all private creditors.
Everyone, and particularly the G20 countries, should publicly acknowledge this fact in the context of recommending a temporary
standstill
on bilateral and commercial debt payments.
If the International Olympic Committee and Japan were able to postpone the 2020 Games, then the G20 can surely organize a repayment
standstill
on private sovereign debt to keep the global economy alive until better times come.
The Carbon-Tax OpportunityWASHINGTON, DC – The COVID-19 pandemic has brought economic and social activity around the world to a near
standstill.
But now that a virus has brought the entire world to a standstill, we are learning that a globalized economy is like a high-performance race car: highly efficient and highly fragile.
Several independent initiatives have proposed a temporary debt
standstill
for all emerging and developing countries.
And with diplomatic efforts to remove Maduro seemingly at a standstill, such an approach could offer another route towards changing the country’s leadership.
The bill was eventually withdrawn, but only after months of civil disorder had brought much of Hong Kong to a
standstill.
The virulence of the current outbreak of culture war partly reflects the lack of alternative news: the media cannot live off the pandemic alone, and the normal business of economics, politics, and international affairs is at a
standstill.
During the ongoing crisis, there are proposals for a debt-servicing standstill, perhaps through an IMF facility.
Early last year, striking truckers brought Brazil to a
standstill
and helped elect uber-rightist Jair Bolsonaro to the presidency.
At the same time, with fewer commuters, factories at a standstill, and limited construction, the havoc that humans wreak on the environment has become apparent.
To confront the pandemic, many governments have imposed stay-at-home orders and even strict lockdowns, bringing the global economy nearly to a
standstill.
Over the past month, the combination of an unprecedented quarantine on Hubei Province (population 58.5 million) and draconian restrictions on inter-city (and international) travel has brought the Chinese economy to a virtual
standstill.
In every affected region, the spread of the virus, shown here on a logarithmic scale (as is appropriate for any exponential contagion process), is slowing almost to a standstill, roughly in line with the experience of Hubei.
The only way to avoid this is to have a comprehensive debt
standstill
that includes private creditors.
Specifically, all creditors – bilateral, multilateral, and private – must implement an immediate debt-service
standstill
for all African countries until the end of 2021.
Climate Action Can Help to Fight PandemicsBOSTON – The COVID-19 crisis has brought economies around the world to a
standstill.
And as investment dried up, the east’s convergence process came to a
standstill.
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