Sentences with phrase «decline in the stock market hurt»
That would make a 10 % or 20 % decline in the stock market hurt a lot more.
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China's surprise decision to revalue the yuan as it tried to contain the stock market turmoil caused the currency to drop the most in 21 years last month, triggering exchange - rate declines elsewhere in the emerging world on concern that a weaker yuan will hurt countries exporting to China.
Those rising payouts and declines in the stock market - which hurt the pension funds» value - have led to a bigger drain on the state's already shaky budget.