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.
The periods of
economic downturn identified are: December 1981 to March 1982; March 1983 to June 1983; September 1989 to December 1989; December 1990 to June 1991; September 2000 to December 2000; and December 2008 to March 2009.
Since the onset of the global
economic downturn, they have seen their workload increase considerably as people have grappled with difficulties faced through job losses and generally in making ends meet.
The decline has been attributed to a slowdown in the sales order and price of the group's products especially in the first half of 2009 brought about by the global
economic downturn.
The sessions, titled "Cooperatives in Troubled Times," included a Webinar on how credit unions are helping members manage the
economic downturn and build savings.
It found that online retailers responded to the
economic downturn in a number of ways, often simultaneously.
to face a protracted
economic downturn this year, and the EUR/GBP may continue.
Stratford District Council has received pounds 50,000 from the Department for Communities and Local Government to help support small local firms during the
economic downturn.
The Flare Team is one of the first of its kind in the country and is being run by dedicated officers to investigate and prevent insurance fraud in the light of the
economic downturn.
A survey by the Association of Chartered Certified Accountants (ACCA) and research company CPRI Group finds that as a result of the current global
economic downturn, businesses will find it tougher to raise finances, be less likely to give credit and will place greater demands on qualified accountants in five years' time.
Summary: Tony Clement, Canadian Industry Minister met his Indian counterpart Trade and Industry Minister Kamal Nath in New Delhi on Sunday and discussed
economic downturn and its impact on bilateral trade.
Mitsubishi have confirmed the withdrawal of its works team from all cross-country motorsport events, including the Dakar Rally, due to the global
economic downturn.
