But the size of this tax is too small to create a meaningful slowdown on its own.
Marinus H. Goossens, whose legal practice in San Francisco focuses on estate planning and family law, said the slowdowns could create a ripple effect, as hearings were pushed back and divorce and other monetary settlements were delayed.
Ill effects would show up as smaller savings, lesser investment, and lower spending, creating an economic slowdown.
As if these unsettling events were not enough, the Chinese slowdown helped to create a commodities crisis which also caused anxiety in some emerging stock markets.
Of course, if too many people become so fearful of a slowdown that they stop buying, they could create a self-fulfilling prophecy.
Harry Clark, president of Clark Capital Management in Philadelphia, said an economic slowdown that avoids recession could create a moderate drop in demand and help ease pressure from rising prices.
The report concludes that with the continuing economic slowdown, the UK needs to develop measures which will create a competitive advantage for the future.
Here is how we got into this pickle, which you won't hear from Mr. Gore: OPEC came along in the 1970's and pushed the crude oil price up too far too fast, and it created a global economic slowdown, triggering both energy conservation and widespread new exploration outside of OPEC.
Goldin and Katz demonstrate how this slowdown is creating a work force with inadequate technological abilities, as well as contributing to rising levels of American inequality.
Mr. Burns said those trends created a "dangerous dynamic," with the slowdown in emerging economies sapping growth from advanced economies, and the downturn in advanced economies worsening prospects for emerging markets.
