Exact(19)
Many people think that this economic downturn borders on a depression, but Bannister does not think the slowdown is that extraordinary.
Indeed, one of the upsides of any economic slowdown is that we are likely to see a lot more "designer" hostels opening across the world.
Doubles from £13 One of the upsides of the economic slowdown is that we start seeking better value for money by staying in hostels like this.
In a further indication of continuing economic weakness, the number of people claiming unemployment benefit rose in March and April.Another consequence of the slowdown is that it has opened up more spare capacity in the economy.
More immediately, the main significance of the recent slowdown is that the economy may not merely be going through a weak phase that will soon pass, as many policy makers hope.
What is striking about Europe's slowdown is that so much of it is linked to domestic weakness, what Daniel Gros of the Center for European Policy Studies describes as long-term "speed limits" on European growth.
Similar(41)
"The upside of the 2009 slowdown was that we will have new models ready by late 2011.
As he also pointed out then, a key factor in that slowdown was that Linux didn't work well as an OS for users who were expecting to run PC software - which meant that Windows XP had to be pressed into the task.
At the offices of the Westchester County Board of Realtors and the Westchester Putnam Multiple Listing Service in downtown White Plains, P. Gilbert Mercurio, chief executive of the Board of Realtors, said one reason for the recent slowdown was that "prices had overshot their mark" in recent years.
The pessimistic analysis is that slowdown is imminent.
But is that slowdown now showing up in European industrial production data?
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