Exact(7)
REMARKABLY, for a short period of the general global economic crisis, output was down across the whole of the world economy.
That leaves the economy still 1.3 per cent below the level of output achieved in the first quarter of 2008, while the US and Germany have already long surpassed their pre-financial crisis output peaks.
After the collapse of output of some 6-7% engendered by the financial crisis, output per capita grew by "just under 2%" from 2010 to 2013, whereas in 1981-84 and 1992-95 growas was over 8%.
In addition to the chronic post-Soviet ills of bureaucratic dysfunction and corruption, the country has been among the hardest hit by the world economic crisis: Output dropped by a stomach-churning 20percentt in the first quarter of this year.
It has been particularly weak if you look at output per hour worked, for before the crisis output was rising at 0.5 per cent a quarter (or 2 per cent a year), whereas in the past two and a half years it has been rising at only 0.1 per cent a quarter.
And some contracts do specify that in the event of a crisis, output is reserved for the owners.So far the Japanese firms' deals have been small, raising concerns that they may be missing their chance to buy at a favourable time, says David Hewitt of CLSA, a broker.
Similar(53)
The OBR sees the UK retaining the pre-crisis output peak in the second quarter of this year.
Yet, Kiekert used the crisis for corporate restructuring, and by 2010, it surpassed its pre-crisis output with a global turnover of €5077 million (see Figure 1 below).
There the 2008 crisis also ranks as the longest and deepest downturn, but the USA returned to pre-crisis output in less than half the time that the Europeans hope that they will end up doing.
This decisive policy response helped the economy return to growth only six months after the President took office and made the United States among the first advanced economies to recover its pre-crisis output per capita.
From 1970 to the 2008 financial crisis, global output quadrupled, and the benefits did not flow exclusively to the rich.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com