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In phase one, growth slumps below zero until it reaches the trough of the recession.
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Analysts at Citi are now expecting Brent to average $80 over the next 12 months, while their counterparts at Natixis believe it could fall as low as $74 – and that the US benchmark, West Texas Intermediate, will slump below $70.
His approval rating has slumped below 25%.
Now it has slumped below 40%.
His own job-approval rating has slumped below 50%.
After a brief winter rally, Xerox's market price has again slumped below the book value of its assets.
In June its membership slumped below that of the Christian Democratic Union (CDU), its centre-right partner in Germany's "grand coalition", for the first time ever.
By setting a low target, JAL hoped to avoid the fate of Facebook, whose share price slump below its offering price on the second day of trading.
In 2009 he bought the Evening Standard for £1, when circulation had slumped below 250,000 and the paper was losing money.
By 2009, however, the graduation rate had slumped below fifty per cent, and the school was slated for closure by the city, owing to its poor academic achievement and high levels of violence.
Australia's investment in renewable energy projects has slumped below that of Algeria, Thailand and Myanmar, new figures have shown, with the sector "paralysed" by the government's review of the Renewable Energy Target.
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