Sentence examples for precipitous downturn from inspiring English sources
Scott Coles, the 48-year-old chief executive of Mortgages Inc., an aggressive lender to some of Arizona's largest commercial development projects, experienced that kind of precipitous downturn.
The economy is in a precipitous downturn and no one, on the left or right, is advocating tax increases that would jeopardize a recovery.
At the least, industry analysts said, Edison's departure from the stock market after its precipitous downturn could make it more difficult for other educational management companies to raise capital on Wall Street.
"Green shoots have sprung up in many sectors, convincing us that the current slowdown looks more and more like a slow consolidation, rather than a precipitous downturn like we saw in 2008-9," Xianfang Ren, a China analyst at IHS Global Insight in Beijing, wrote in a research note.
The government struggled through paralyzing snowstorms, riots in Tibet, an earthquake in Sichuan and the abrupt shift from soaring growth to precipitous downturn and a 65% slide in stock prices.
Manhattan, too, which long saw itself as immune to the housing downturn, is now experiencing the most precipitous price decline since 1980.
Indeed, the downturn could be unusually sharp.
"The electronics makers have experienced the sharpest downturn in 20 years, so after such a precipitous decline, it's difficult to fall further," said Jean Pascal Rolandez, head of equity research at BNP Paribas Securities in Tokyo.
It was a precipitous fall.
Perspicacious or precipitous?
