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The IMF's worries arise partly because the shrinking economy and consequent slump in tax revenues mean that Mr Cavallo has failed in his much-trumpeted plan to cut the fiscal deficit to zero this year.On December 5th, the Fund said that it was "unable at this stage to recommend completion" of its review of Argentina's loan programme.
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Faced with the near-total collapse of the Greek construction industry, a consequent 40% slump in sales and a 30% increase in energy costs, its parent company, Philkeram-Johnson – majority owned by the local Philippou family– went spectacularly bust four years ago.
The consequent retaliation of other nations intensified the Depression-era slump in world trade.
We peg everything around dollars because the 1930s were a bloodbath of currency wars, artificially-inflated reserves and consequent crashes, and exchange deficits that lead to big slumps.
But consequent reforms?
Consequent redesigns scarcely helped.
"Prosperity or Slump?
Sheffield - The Second Slump.
The consequent unrest could be considerable.
Some slump.
Players slump.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com