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An investor conference this week has numerous chip executives saying publicly that the supposed downturn is now better viewed as a one or two quarter inventory correction.
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An economic downturn is supposed to raise crime rates by reducing opportunities for licit employment and earnings.
Oddly, economists say, the very events that were supposed to aggravate the downturn instead unleashed a raft of responses from the government and the private sector that might have tamed it.
Hong Kong and the Gulf states, which still peg their currencies tightly to the dollar, have even been forced to cut interest rates, although their buoyant economies need tighter policy.You might suppose that a downturn in America would tend to slow the emerging economies, but they have continued to sprint.
Europe has twice over the past two years tried to reassure depositors and investors that its banks are sound by subjecting them to "stress tests" that were supposed to mimic an economic downturn.
Meanwhile, contrary to what is supposed to happen in a downturn, spending by consumers has remained strong, despite people's losses in the stock market, rises in unemployment and the sense of insecurity that followed Sept. 11.
Launch48, 24HourBusinessCamp… I thought we were supposed to be in a downturn?
Most of these things would involve the federal government's borrowing and spending more money, but that, of course, is what governments are supposed to do in an economic downturn.
By now the industry was supposed to be recovering from the worst downturn in history.
Nobody did what they were supposed to do: responsible planning". RECLAIM was born during an economic downturn when business groups demanded a flexible alternative to traditional regulations.
For instance, suppose that an economic downturn in Germany brings about a rise in prices, altering the ppp with the source countries.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com