How to use ‘a recession’ in a sentence
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Worse, a recession would hurt private real investment—by hurting profitability and business confidence—through what is called the accelerator effect. This means that the balance between hoarding and dis-hoarding would be pushed even further below the full-employment level of production.
World War II led Mitsui Bank to distance itself from the Mitsui zaibatsu beginning around 1937, as the bank’s large balance of loans to munitions manufacturers made it vulnerable to failure should a recession occur after the war. The…
Wooller was a dissident member of the Institute of Chartered Accountants in England and Wales (ICAEW). In 1991, Wooller accused the ICAEW of having built-in bias when it marked examinations during a recession, and used PE II (Professional…
… also successfully derided Thornburgh for his connections to the president, as Bush’s popularity was steeply declining due to a recession.
With the UK in a recession in the late 2000s, and with a steadily declining manufacturing industry and little natural resources, the creative sector was believed to be the basis for future growth, and was as of 2010 was estimated to already contribute £110billion to the economy per annum, contribute two million jobs, and number over businesses classed as creative.
With a recession, and an increase in federal spending from 2008, the federal debt grew by $5.8 billion in 2008-09. Large annual deficits from 2008 to 2013 has Canadian debt surpassing the $600 billion mark by November 2012, making it larger than the 1997 peak in absolute dollars (although far smaller in comparison to GDP). Starting in 2014, Canada returned to balanced budgets and has posted a small surplus.
Why does the financial system exhibit fragility in the first place? Why do banks choose to take on a capital structure that makes them vulnerable to financial crises? There are two views of financial fragility which correspond to two views on the origins of financial crises. According to the fundamental equilibrium or business cycle view, financial crises arise from the poor fundamentals of the economy, which make it vulnerable during a time of duress such as a recession. According to the self-fulfilling or sunspot equilibrium view, the economy may always be vulnerable to a financial crisis whose onset may be triggered by some random external event, or simply be the result of herd mentality.
White was unable to secure a hold on the governorship. Chrisman and a third candidate, nutritionist Connie Voll of Lonoke, challenged him in the 1982 primary. Voll was the first woman to seek the GOP nomination for governor and the second to seek the party nomination for a statewide office since Leona Troxell. Clinton then defeated him in a rematch of the 1980 contest during the general election: 431,855 (54.7 percent) to 357,496 (45.3 percent). White won only nineteen counties in the 1982 rematch, which occurred in a nationally Democratic year when the nation was in a recession.
While the nation has been feeling the effects of a recession, Billings’s economy has been strong. Construction and housing starts have been up as well as large investments in the community by national companies and major new road construction projects. The state’s economy is healthier than most states but as western Montana is suffering from a crash in real estate and the near demise of its timber industry, eastern Montana and North Dakota are experiencing an energy boom due to coal and the Bakken formation the largest oil discovery in U.S. history. Billings is Montana’s oasis of economic growth.
While the GDP recovered from a recession that some claim Bush inherited from the previous administration, poverty has since worsened according to the Census Bureau. The percentage of the population below the poverty level increased in each of Bush’s first four years, while it decreased for each of the prior seven years to an 11-year low. Although the poverty level increased the increase was still lower from 2000 to 2002 than it was from 1992 to 1997, which reached a peak of 39.3% in 1993. In 2002 the poverty rate was 34.6% which was almost equal to the rate in 1998, which was 34.5%. Poverty was at 12.7% in 2004.
While much of the country struggles to emerge from a recession, California’s Silicon Valley is booming, and technology companies like Facebook, Skype, and Apple are seeing their valuations soar. CNN anchor and special correspondent Soledad O’Brien reports that the ownership of this digital bloom is mostly young, white, and male. For her fourth Black in America documentary, O’Brien asks why, according to industry analyst CB Insights, less than one percent of all venture capital money went to digital startups with African-American founders in 2010 – and she profiles a unique, technology-focused “accelerator” developed to help African-American digital entrepreneurs secure funding to establish their businesses.
While many of the quality issues were resolved for the 1958 model year, which brought about some minor styling tweaks, a recession struck that was particularly damaging to sales of mid-range cars. Dodge production had exceeded 337,000 cars for 1957 but the 1958 total fell by over half to less than 140,000, although some of this loss was due to negative publicity from the cars’ poor quality control.
While infant mortality is normally negatively correlated with GDP, there may indeed be some opposing short-term effects from a recession. A recent study by The Economist showed that economic slowdowns reduce the amount of air pollution, which results in a lower infant mortality rate. In the late 1970s and early 1980s, the recession’s impact on air quality is estimated to have saved around 1,300 US babies. It is only during deep recessions that infant mortality increases. According to Norbert Schady and Marc-François Smitz, recessions when GDP per capita drops by 15% or more increase infant mortality.
While Australia’s overall national economy grew, some non-mining states and Australia’s non-mining economy experienced a recession.
Whether EPL has any effect on unemployment is an issue of contention between economists. On the one hand, assuming that the cyclical wage pattern is not affected by mandated firing costs, EPL reduces the propensity to hire by employers, since they fear that such decisions will be difficult to reverse in the future, in case of a recession. On the other hand, EPL also leads firms during downswings to keep more workers employed, than they would have otherwise done. Therefore, EPL reduces both job creation and job destruction, so that the net effects on average employment and unemployment are not identifiable a priori. What is instead agreed among economists, is that more stringent EPL lowers the fluctuations in the quantity of labour demanded over the business cycle, leading to smoother dynamic patterns of those aggregates.
When the state of Indiana was formed in 1816, it was still a virtual wilderness, and settlement was limited to the southern periphery where easy access to the Ohio River provided a convenient means to export produce. The only significant road in the region was the Buffalo Trace, an old, dirt bison trail that crossed the southern part of the state. After statehood several plans had been made to improve the transportation situation, like the creation of small local roads, the larger Michigan Road, and a failed attempted by the Indiana Canal Company to build a canal around the Falls of the Ohio. The national economy entered a recession following the Panic of 1819, and the state’s only two banks collapsed in the immediate years that followed, ending the state’s early improvement programs without having achieved much success and leaving the state with a modest debt.
When the carrack and then the caravel were developed in Iberia, European thoughts returned to the fabled East. These explorations have a number of causes. Monetarists believe the main reason the Age of Exploration began was because of a severe shortage of bullion in Europe. The European economy was dependent on gold and silver currency, but low domestic supplies had plunged much of Europe into a recession. Another factor was the centuries-long conflict between the Iberians and the Muslims to the south.
When major shareholders started to leave Norton in 1953, the company declined and Associated Motor Cycles bought the shares.Although motorcycle sales went through a recession in the 1950s, and Norton Motors Ltd was only a small manufacturer, Norton sales flourished. A series of Norton Dominator Twins of 500 cc, then 600 cc, then 650 cc and then the 750 cc Norton Atlas kept sales buoyant, especially with sales to the USA.
When in office, Bush found it challenging to keep his promise. The Bush campaign’s figures had been based on the assumption that the high growth of the late 1980s would continue throughout his time in office. Instead, a recession began. By 1990, rising budget deficits, fueled by a growth in mandatory spending and a declining economy, began to greatly increase the federal deficit. The Gramm-Rudman-Hollings Balanced Budget Act mandated that the deficit be reduced, or else mandatory cuts unpalatable to both Republicans and Democrats would be made. Reducing this deficit was a difficult task. New cuts of any substance would have to come either from entitlement programs, such as Medicare or Social Security, or from defense.
When a recession occurs, many people, especially those who have lost their jobs, those whose jobs have been threatened, or those who fear losing their jobs are motivated to seek education to be able to obtain recession-proof employment in their future.
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