Lower interest rates reduced revenue, weak economic conditions produced higher credit losses, and market turmoil caused significant write - downs of securities. (rbc.com)
«It is not enough to blame weak economic conditions and poor resource markets,» Russell says. (advisor.ca)
Weak economic conditions in the past couple of years have seen growth in labour costs slow to 2 1/2 per cent over the year to the December quarter, from 3 1/2 per cent a year earlier. (rba.gov.au)