Its economy, the world's second-biggest, shrank 3.3percentt from the previous quarter, or at an annual pace of 12.7percentt.
Why will a business that big shrink?
Just as with S&P and Moodys, they form a small but powerful "oligopoly" – what was once the Big Eight shrank to the Big Five and, after the Andersen debacle at Enron, to the Big Four.
Output in Africa's biggest economy shrank by an annualised 3% in the second quarter, its third quarterly contraction in a row.
The Big 12 shrank to 10 universities, but that did not prompt a name change.
After Sept. 11, 2001, as passenger demand plunged, big carriers shrank their fleets, increasingly turning to regional airlines to serve smaller markets and even some major markets, with 50- and 70-passenger jets.
The Democratic big tent shrank to a pup tent while the anti-abortion Republican conveners welcomed Rudy Giuliani, Michael Bloomberg, and Mitt Romney - all pro-choicers (Romney changed his stance the following year).
Riba's Case for Space report showed the size of new homes in the UK is well below that of Ireland (15% bigger), Denmark (53% bigger) and Germany (80% bigger) – and shrinking.
The eurozone economy was stagnant between April and June, with the German economy - Europe's biggest - shrinking by 0.2%.
(Megan Angelo) ★ 'The Big Shrink' (Tuesday) Sharon Spell's always energetic variety show welcomes, on this night, Zach Broussard ("The Onion News Network") and Michelle Buteau ("Best Week Ever") as well as the improv team North Coast.
It follows news earlier this month that overall economic growth for Germany - the bloc's biggest economy - shrank in the previous 3 months.
