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That is unfortunate, given the current economic backdrop.
Despite the current economic backdrop, Marriott said it fully expected to meet its projected dates for completion.
It said it was taking action to cut costs: The group recognises the challenges it is facing given the current economic backdrop of the industry in which it operates.
To be sure, the current economic backdrop means that "clean air is certainly not a key issue on job seekers' minds right now," said James Carss, general manager of the Hong Kong office of Hudson, whose 2006 survey was conducted well before the global financial crisis.
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"Even against the current uncertain economic backdrop we expect 2016 earnings to be broadly in line with last year," he said.
He will have no choice, given the challenges the country is facing and the current economic and fiscal backdrop.
Committee chairwoman Jocelyn Davies said: "In the current economic climate and against a backdrop of decreasing capital budgets, it is vital that governments are able to use limited resources effectively to undertake capital investment which can act as an important lever to support economic growth".
"We felt that we had a significant opportunity by timing the order with the backdrop of the current economic environment," he said.
"Against the backdrop of the current economic environment, the worsened outlook for economic growth and the increasing regulatory requirements on the financial services sector in general, the Verde transaction would not currently deliver a suitable return for our members within a reasonable timeframe and with an acceptable level of risk".
The governor has persistently argued that the current ultra-low rate environment is a symptom of the economic backdrop, and not a driver of it.
We do not believe that the current rating reflects the improving margins, strong balance sheet or the opportunity for significant growth once the economic backdrop improves.
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CEO of Professional Science Editing for Scientists @ prosciediting.com