downturn

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downturn

a drop or reduction in the success of a business or economy
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The economic downturns in the early 1980s and early 1990s were associated with up to a 10 percentage points decline in the average job-finding rate.
The current economic downturn is having a significant impact on criminal defense lawyers.
An example, in dealing with the threat of roadway accidents to its vehicles a nonprofit with just a few vehicles, little or no accumulated financial surplus, and members of senior management whose previous organizations have experienced severe automobile accidents, is much more likely to purchase automobile insurance beyond what is legally required, even when budgets are tight during economic downturns, than is a nonprofit with many vehicles, ample surplus, and no terrible memories of highway accidents.
Like all tourism- and second-home based economies, the district is vulnerable to economic downturns, changes in vacation and recreational trends, and weather conditions.
regional malls and, thus, may be more stable in an economic downturn.
While economic downturns do affect employment and commercial activity and consequently related traffic, the fact that population levels do not similarly drop in the near term results in an inherent demand for local and regional travel, albeit under different conditions.
The Company has a research-driven strategy focused on markets characterized by high job growth and resiliency to national economic downturns.
The Company's actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, including the Company's substantial debt obligations and restrictive covenants; susceptibility to regional economic downturns, currency fluctuations, large customer order slowdowns and other risks related to its U.
Whilst previous economic downturns have been weathered, the current market is one of the worst experienced for many years with no upturn forecast for at least 12 to 18 months.
2) During economic downturns, individuals, corporations and foundations endeavor to maintain their current levels of giving, and therefore the previous year's giving is a good indicator of what to expect in the current year.
Despite economic downturns, we must depend even more on our fundraising colleagues to increase endowments and spendable income, thereby allowing us to increase funded tuition discounting.
It exacts a heavy toll in terms of tax administration and is pro-cyclical, constituting an unnecessary drag on capital investment during economic downturns.

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