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Until recession drove away his customers, Sergio Bueno was an up-and-coming bank manager in Bogota handling small-business accounts.
With unemployment at record lows, and likely to stay that way until recession intervenes, there are simply not enough young people even to fill the entry-level jobs, let alone take over from older managers.
Windfall tax revenue from housing booms fuelled by cheap foreign credit made the public finances of Ireland and Spain look sound until recession (and, in Ireland's case, the terrifying cost of bank bail-outs) caused public debt to explode.Some believe the exorbitant privilege is really a curse that lures the reserve-currency country into too much borrowing or printing too much money.
Similar(55)
And those purchases won't resume at a fast clip until recession-scarred Americans and Europeans step up their spending.
Numbers fell significantly, and then stayed flat, until... well, until this recession hit".
Only 35% favoured delaying reform until the recession was over.
Among individual countries the United States was the leading producer until the recession of the early 1980s.
Ms. Bermudez, by contrast, tells what until the recession seemed a storybook tale.
Until the recession struck, the global rate of economic growth was 3.8%.
However, this will not be implemented until the recession is over.
He makes money for them — at least until the recession takes its cuts.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com