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"What's happening is that business is seeing a slowdown and a slowdown faster than they thought and that has accelerated in the last couple of months," Donald B. Marron, the chairman of PaineWebber, said after the meeting.
When China and other parts of Asia bounced back from the global slowdown faster than elsewhere, Americans latched onto the idea that Asia's fast growth could lead the world firmly out of recession.
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They may notice fewer slowdowns, faster compile times and less downtime, but their daily workflows won't change.
A slowdown in fast-growing emerging economies like China and India has hit commodity prices.
Along with the Eurozone crisis, turmoil in the Middle East and a slowdown in fast-growing economies such as China, Brazil and India, Sorrell's grey swans also include David Cameron's decision to have a referendum for the UK's membership of the European Union, which he said added "further uncertainty" to the UK economy.
Evolutionary rate comparisons demonstrated a significantly reduced rate of substitution for the human lineage when compared with rodents, thereby corroborating the phenomenon of "hominid slowdown" or "fast rats," respectively (Bromham et al. 1996; Kumar 2005).
Evolutionary rate comparisons (supplementary table S2, Supplementary Material online) demonstrated a significantly reduced substitution rate for human lineage when compared with rodents, a process known as "hominid slowdown" or "fast rats," respectively.
China's industrial production rose at its slowest pace in five years with surveys showing a faster slowdown than expected.
Hometrack's research director, Richard Donnell, said: "The high growth cities over the last year are now recording the fastest slowdown and this is most pronounced in smaller cities such as Cambridge and Aberdeen.
But:China's import growth fell to a two- year low in December, underscoring a slowdown in the fastest- growing major economy that deepens risks for the global outlook... Weakening import growth may undermine China's ability to lead the recovery as it did after the 2008 crisis.
Analysts say that the government is likely to take note of the slowdown and react fast.
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