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Louisiana was one of 34 states that collected less in taxes during the period, a troubling sign that the lingering effects of the economic downturn will continue to erode state finances for some time.
Media buying agencies are forecasting that the TV advertising downturn will continue into April, with revenues projected to be down at least 15% year on year that month and more gloomy predictions putting the decline at more than 20%.
Despite these broad strategic moves, analysts expect the housing downturn will continue to pressure profits.
According to Sean Hamil, an academic at the University of London's Birkbeck Sports Business Center, the economic downturn will continue to have an effect on the availability of buyers and the ability of owners to subsidize soccer's debt-heavy model.
This downturn will continue until the world economy either "breaks" permanently -- or the fundamental problem is addressed.
This downturn will continue to marginalize labor's position in an economy where the non-human factor of production, productive capital, is the factor that is exponentially becoming more productive, not labor.
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"We remain confident that we have the liquidity to weather the remainder of this downturn, and will continue to position ourselves in preparation for the inevitable housing recovery," he said.
The latest data come from two economic reports issued yesterday, leaving economists divided as to whether consumers, who have helped keep the economy afloat through a sharp downturn in business investment, will continue to maintain their spending.
The figures released on Thursday are proof that Spain has yet to hit bottom in a downturn that analysts say will continue for months as the country faces a lost decade for its economy.
"The real economy will continue the downturn because of destocking, the reduction of overcapacity and deleveraging," the bank's economist Zhao Yang said, citing in particular declining investment in property, once a booming sector.
"In the absence of a global economic downturn, we are confident that we will continue to make good progress in 2007," said Mr Smith.
Related(20)
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regression will continue
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fall will continue
stagnation will continue
drop will continue
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