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A weak economy and tight credit caused new vehicle sales in the United States to fall 18percentt in 2008.
For some countries, reduced incomes and difficulty in obtaining credit caused sharp declines in the volume of imported goods.
Thornburg, based in Santa Fe, N.M., has suffered as the housing slump and tight credit caused investors to stop buying securities they no longer consider safe.
The unavailability of credit caused a decline in world trade volumes of a magnitude not seen since the Great Depression, and nearly every economy went into recession.
Tightening credit caused total private loan volume to fall by about half to roughly $11 billion in the 2008-9 school year, according to the College Board.
Rapid economic growth and easy credit caused real estate prices in many parts of Asia to rise sharply late last year.
Similar(51)
Importers of fuel are unable to get credit, causing shortages.
Or did easy credit cause Americans to bid up the price of necessities?
Republicans strongly criticized the Democratic legislation, saying it could restrict the availability of credit, cause job loss and lead to future bailouts of failing businesses.
They and other sources of wholesale funding began to withhold short-term credit, causing those most reliant on it to founder.
The problem in the housing market is not an absence of demand, but the lack of credit, causing another slide in housing prices and a continuation of the country's recessionary psychology.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com