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The Promise donors saw how a school district in decline and a weakening economy created a vicious circle.
That has created a vicious circle, in which falling consumer spending is expected to weigh further on the economy.
That has created a vicious circle, where fears about the soundness of European banks are feeding new concerns about the stability of American financial institutions.
The focus on consolidation has created a vicious circle, analysts say, with smaller private mills expanding as rapidly as possible to avoid becoming merger targets, often with the support of local governments.
(Even so, nominal GDP still remains below its level in 1997).No nominal matterShrinking nominal GDP created a vicious circle by causing Japan's huge ratio of government-debt-to-GDP to rise further.
"Cotton prices are still falling rapidly, and this has created a vicious circle," it said; worse, in the expectation of a further drop, processors were reluctant to buy cotton and were thereby disrupting the entire production chain.
Similar(47)
That can create a vicious circle.
This risks creating a vicious circle.
The process creates a vicious circle.
But price controls create a vicious circle.
In this way, scarcity creates a vicious circle.
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