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The cyclical reason is that the economy's slowing down, the markets are not performing particularly well.
The trading sector is doing particularly poorly right now and there's a seasonal, secular and cyclical reason for it.
Similar(58)
Such a decline is again likely for purely cyclical reasons.
America's female employment rate, meanwhile, has recently declined perhaps for cyclical reasons.
Unemployment is at alarming levels in much of the rich world, and not just for cyclical reasons.
And that is cause for concern, particularly for the millions of workers who remain unemployed for cyclical reasons.
Both of these cyclical reasons should in future ease, allowing exports to rebound.The third, structural explanation causes more alarm in government circles.
People who lose their jobs for cyclical reasons and then go long enough without work can end up permanently out of the labour force.
The longer that unemployment remains high for cyclical reasons, the more likely that job prospects for unemployed workers will be permanently damaged.
And if a bigger deficit than expected does open up for cyclical reasons, Mr Brown would be unlikely to need to try and close it.Rather, Mr Brown's difficulties could be more political than economic.
The decline has happened partly for cyclical reasons, but also because regulators in America and Europe who saw banks' foreign adventures end in disaster have sought to ring-fence their financial systems.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com