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A heavy manufacturing company was facing a downturn in its markets and the potential of sizable layoffs.
But a senior official of the Economic Planning Agency, which produces the report, denied it meant the economy was facing a downturn.
HMV had outstanding debt of around $280 million on Oct. 27, the latest figures available, but had struggled from reduced spending by British consumers who are facing a downturn in the local economy.
With Wall Street in turmoil and tax revenues down sharply, Gov. David A. Paterson declared last week that New York and the nation were facing a downturn which he, too, likened to the one in the 1930s.
"However, when Sri Lanka was facing a downturn trend during the last few months, I always maintained that it was due to the internal politics within the team.
"When Sri Lanka was facing a downturn trend during the last few months, I always maintained that it was due to the internal politics within the team," said Sports Minister Mahindananda Aluthgamage.
Apple's iPhone could be facing a downturn in overall consumer interest in key markets including Singapore and Hong Kong, according to a report from Reuters based on StatCounter traffic figures from this past weekend.
It is facing a downturn in enrollment.
If Reggie Bush, Kris Humphries and Lamar Odom are any indication, the rapper could be facing a downturn in broad appeal and marketability.
"We are facing a severe economic downturn.
It is very dangerous to extrapolate from a temporary economic downturn to assuming that we are facing a dismal decade ahead".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com