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The remarkable slowdown hit luxury chains that sell $5,000 designer dresses as badly as stores that offer $18 packs of underwear, suggesting that consumers at all income levels are snapping their wallets shut.
HONG KONG — Gradual stabilization in some economies, a muted recovery in others and a long way to go over all — that was the picture painted by a cluster of data from Asia on Wednesday after the remarkable slowdown of the last few months.
The group called this "a remarkable slowdown," which is high praise in their book.
Similar(57)
What makes the overseas slowdown so remarkable is how suddenly it appears to have overtaken the industry.
As the German economy enjoyed a remarkable recovery from the global slowdown, optimism would have been expected to reign throughout the country.
"The slowdown in trade growth is remarkable, especially when set against the historical relationship between growth in trade and global economic activity.
Strong Growth, Mixed Signals Despite signs of a slowdown, the U.S. labor market has made remarkable gains in recent months.
Only recently did lower-paid workers start to experience wage gains from the remarkable prosperity of the 1990's, and these gains may be cut short by the economic slowdown.
It blamed a sudden and "remarkable" fall in demand from the telecoms and computing industries, and said it saw no end to the slowdown.
That's pretty remarkable, even if, as Wonkblog's Ezra Klein pointed out on Friday, there's precious little agreement about what caused the slowdown.
The slowdown was sharp.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com