But on Monday, the chief executive, Richard K. Templeton, said the fall's downturn looked "mostly complete".
Mr. Obama was careful not to declare complete victory over the economic downturn he inherited.
Even Mr. Obama's and his allies' biggest domestic failure (aside from misjudging the depth of the economic downturn) was not complete.
Richemont Says Luxury Downturn Over, Shares Rise.
Many institutions, of course, managed to complete their big projects before the downturn, though some may be experiencing builders' remorse.
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But that ended during the 2007-9 downturn.
To them, the modern financial sector is responsible for the current economic downturn, and in need of complete overhaul.
We have delayed refreshes to wait for major projects to complete, but not in response to a downturn.
The expansion was originally planned to be complete by 2011, but delays and an economic downturn have pushed the expected completion of the project back to 2014.
