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The key fact of the Depression was not deflation; it was plunging demand; deflation was the symptom.
Chemical producers like BASF have been hurt badly by plunging demand for chemicals used to make plastics.
Meanwhile, the price of their main ingredient, rubber, has nearly halved since 2011 thanks to plunging demand for supersized tyres from the mining and construction industries.
Sales peaked at approximately 300,000 in 1999, and in 2009, after several years of plunging demand for all S.U.V.'s, Chrysler sold just 50,328.
Mr. Lane takes over the reins at Deere as the company tries to rebound from more than a year of plunging demand for farm equipment.
Industrialisation in China and India has pushed up prices for the last seven years, but plunging demand from car makers and builders has caused them to collapse.
Similar(41)
As credit contracts and asset prices plunge, demand across the globe is shrivelling.
Honda Motor said that it would further cut vehicle production in North America as it adjusted to plunging auto demand but would not lay off workers at the affected plants.
Losing more than a half million jobs in each of the last three months, the country is trapped in a vortex of plunging consumer demand, rising joblessness and a deepening crisis in the banking system.
Plunging export demand and falling commodities prices are pushing the economy to shrink to 3.5 percent this year, the slowest in a decade, as exports slump and commodity prices plunge, the government said.
These social safety nets must be further strengthened and have to cover wider geographical areas, as plunging export demand and falling commodity prices push the economy into its slowest year of growth in a decade, government officials said.
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