I used absolute declines, though the results look similar if percentage declines are used instead. (canadianbusiness.com)
Economic contraction is thus a non-solution to significantly reduce emissions: it simply can not result in the kind of substantial absolute decline in (at least) one of the Kaya Identity terms above. (innovationfiles.org)
Furthermore, though Bloomberg data shows that developed market equities» absolute declines fell short of a bear market, recent selling was in many ways unprecedented. (blackrockblog.com)