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Cotton prices fell dramatically after the stock market crash of 1929, and the ensuing downturn bankrupted farmers.
Having overinvested in gas- and coal-fired plants before the financial crisis, the two largest, E.ON and RWE, ended up with excess capacity in the ensuing downturn—just as lavish subsidies to wind- and solar-power producers were bringing a host of new competitors to the market.
Once again, in this view household debt had little to do with the ensuing downturn.
We have seen this in the last few years as the collapse of the housing bubble and the ensuing downturn has been turned into one of those unavoidable tragedies that could not have been prevented.
Similar(56)
Yet these firms have reported losses of $107 billion since 2007, a result of their own missteps and the ensuing economic downturn.
It is worth remembering that the credit crisis and ensuing economic downturn followed a spectacular expansion in the financial business, compared with other industries.
Significantly, analysts say, both of those transformative deals took place after the 2001 terror attacks in the United States and amid the ensuing global downturn in air travel, while many United States airlines were forced into bankruptcy protection.
New Star is thought to be giving him time to address the situation caused by investments in European mid-cap industrial and consumer stocks, which have been hit by the global credit crunch and ensuing consumer downturn.
To make matters worse, the credit crunch in 2008, and ensuing economic downturn, hit Murray's other business interests hard.
The federal government's indictment of those involved in the country's subprime meltdown and credit crunch is of little comfort to those who have lost their jobs as a result of the ensuing financial downturn.
Arising in the aftermath of the South Sea Bubble's collapse and the ensuing economic downturn, the Blacks gained their name from their habit of blacking their faces when undertaking poaching raids.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com