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Tucked into the data released Thursday was a worrying sign of a new, potentially pernicious phase of the downturn.
In this latest phase of the downturn, the bank said, consumers are now starting to acutely feel the pinch of wage cuts and layoffs.
Yet the crisis phase of this downturn will eventually pass, and it will do so even as the economic circumstances of the electorate continue to worsen.
Goldman's policy of removing plants is one of the first examples of cost cutting to emerge in the latest phase of the downturn.
Men really took a very big hit in the first phase of the downturn.
By spring 2010, government spending on clean energy began to slow, somewhat, thanks to a new phase of the economic downturn, volatility in the market and governments facing pressure to cut their deficit.
The current phase of global economy competitiveness under economic downturn are pushing many sectors related to manufacturing industry to adapt and discover new ways to make profitable businesses.
Will deeper changes be delayed further because of downturn?
No trace of downturn in the plot of angular dependence of Kc/Rθ at low angle was found.
Other lockup expirations brought a few days of downturn.
Although the decline of the educational and research systems in the region under scrutiny was already apparent during the last years of the old regime, the downturn in economic activity during the first phase of the transformation process and the beginning of restructuring was accompanied by an accelerated winding down of the research capacities.
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