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Neither condition has been satisfied – our Global Leading Indicator (GLI) has moved into "slowdown" and China activity data has remained soft – and underperformance has continued.
Trade Exports contraction that began in late 2008 will gain pace in 2009 as more and more emerging economies slip into slowdown following the G-7 countries.
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The reform of state-own enterprises brought about collective rather than individual conflicts, which often evolved into slowdowns, stoppages, strikes, and violence (Cai 2006; Chen 2000).
The euro zone is headed into a slowdown that some economists speculate will turn into its second recession in three years, while the United States is showing signs of climbing out of its downturn.
Weakness in sales could discourage businesses from increasing their orders, which would translate into a slowdown in factory production.
Despite rapid growth in passenger traffic this year, European airlines are in a challenging position heading into any slowdown.
But analysts said the surveys out on Friday did not signal China's economy slipping into another slowdown.
The government hopes to prod markets into a slowdown by toughening financing rules.In large, global cities there is another dimension to house-price movements.
Looking ahead, Ms. Kalla expects weakness in the economy and rising layoffs to translate into a slowdown in volume at Verizon.
But the financial crisis and the collapse of several companies that were large Bloomberg customers -- Lehman Brothers alone had 3,500 terminals -- has translated into a slowdown.
"We're going into this slowdown with the highest fixed-cost structure ever at companies, because of the technology boom," he said.
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