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With both domestic and export demand drying up, despite his tax cuts and looser monetary policy, Mr Chidambaram's "dream budget" has been followed by restless nights for many industrialists.The optimists claim the problem is only temporary, and that liberalisation is merely sorting out the men from the boys.
That said, beverage purveyors don't have to worry much about demand drying up.
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Then demand dried up with the real estate recession in the early 1990's, and the market took years to recover.
From property-bubble peak to post-financial crisis trough, house prices in Arizona's biggest metropolis plunged by more than half, as demand dried up and foreclosures soared.
Rechler Equity, like virtually all other owners, was forced to bide its time as the downturn dragged on and tenant demand dried up.
After "the slowdown at the end of the year when demand dried up," Mr. Rand said, the new year brought a distinct change.
Cisco's stock dropped 70percentt in the last fiscal year and earnings plummeted as demand dried up for the company's switches and other products.
But when demand dried up last fall, the more aggressive manufacturers decided to try to gain market share by cutting prices to the bone.
The Asian financial crisis took this to an extreme; as Asian steel demand dried up, the plunge of currencies there made steel from South Korea, in particular, irresistibly cheap.Since the crisis, however, much has changed.
Economists usually blame recessions at least partly on the difficulty firms have in cutting wages when demand dries up; that problem was not much on display in Britain.So Labour and the Conservatives go into this election talking across each other.
But as the effects of the global economic crisis spilled over into Cambodia in late 2008, demand dried up, and housing prices tumbled dramatically — 40percentt compared with the same period last year, according to real estate agents.
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