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The immediate post-Soviet period in both Moldova and Georgia was characterized by severe contraction of economic activities and plummeting economic output as the result of movement from central planning to market economies (Svejnar, 2002).
The result of skyrocketing prices is that discretionary purchases are eliminated, causing massive job loss and plummeting GDP output.
Production in the North Sea is plummeting, and Russian output is hitting a plateau.
With output also plummeting, calls for heavy intervention in the economy have reached a fever pitch.
OPEC will move to shore up plummeting prices with an output quota cut on Friday.
Gold output plummeted 17percentt from a year earlier and the country's overall mining output dropped by the most in at least 10 years.
Until now, the Russian oil companies have very ably revived production in fields where output plummeted with the dissolution of the Soviet Union, all without significant foreign investment.
The production slump was the steepest since output plummeted 1.3percentt in March 1986.
Industrial output plummeted.
After the first three, output plummeted.
Daily U.S. output plummeted to 3.8 million barrels per day in September 2005 and again in September 2008.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com