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Still, overseas markets also can provide comfort during a downturn at home.
Jerry Pickett's business hit a downturn at about the same time.
But City analysts picked up on a downturn at French Connection's wholesale operations.
Some major economic indicators in the euro zone have been better than expected recently, raising hopes that a downturn at the end of 2011 will be short-lived.
VW relies heavily on its premium Audi and Porsche ranges for its profits, and thus is vulnerable to a downturn at the top end of the market.
But the company's reliance on British enthusiasts -- it exported just 5percentt of its output last year -- makes it vulnerable to a downturn at home.
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The bid, while much lower than that made in 2000, before the world economy went into a downturn, is at a 20.5% premium to Pechiney's share price.
Despite concerns about a downturn, analysts at HSBC think M&S's nascent recovery will accelerate under Rowe.
The success so far must owe something to the economy and a downturn will, at the very least, affect the pace of improvement.
Taiwan and Turkey are the only countries that have completely recovered from a double-digit fall in G.D.P. Some countries managed to escape a downturn or, at worst, had only a small and brief decline.
On January 4th dismal jobs figures seemed to confirm what many feared: a downturn is at hand.Stockmarkets shuddered on news that the jobless rate had jumped to 5% in December, and that the private sector had shed workers for the first time since 2003.
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CEO of Professional Science Editing for Scientists @ prosciediting.com