"Economic contraction" refers to a period when a country's overall economic activity decreases, meaning there is a decline in the production of goods and services. It is characterized by a slowdown in businesses, fewer people getting jobs, reduced consumer spending, and a negative impact on the economy as a whole.
Full definition
But while it is true that fatalities and injuries tend to decline during periods
of economic contraction, they — historically — have never come all the way back up.
Public tolerance for voluntary
economic contraction in the name of climate mitigation will be extremely limited at best.
And second, the math just doesn't add up; even in the most ideal circumstances,
voluntary economic contraction in the developed world can't drive global carbon emissions towards zero.
The large blocks of white space represent those periods
where economic contraction was widespread - such as in 1974, the early 1980's, in 2000, and in 2008.
Remember, the 2008 crisis & the ongoing European sovereign debt crisis are financial / leverage induced crises, not a
regular economic contraction.
The global pursuit of 3 tons of carbon must be a reflection not
of economic contraction and global depression, but of economic growth resulting in ecological improvement.
An emissions flatlining or decline has happened only three times in the 40 years of IEA records — the early 1980s, 1992, and 2009 — and all were associated with
global economic contraction.
Companies in the benchmark gauge for American equities trade at 10.2 times 2012 forecast earnings, compared with the average in
economic contractions since 1957 of 13.7, according to data compiled by Bloomberg.
12:06 - After the fast - becoming traditional sarcastic cheers for Miliband from government MPs, the Labour leader raises - as expected - the miserable
economic contraction seen in the fourth quarter of 2011.
However, Newfoundland and Labrador's
economic contraction continues to grind onward with the provincial economy expected to shrink 1.0 per cent in 2017, though a slight improvement from our June forecast.
Welltower is a large well established and well run healthcare eREIT with a solid balance sheet and a long history of growth
through economic contractions as well as expansions.
Specifically, if less and less unfinished goods are being moved to manufacturers, wholesalers and retailers, then one might anticipate sluggish growth, or
even economic contraction.
The Windfall proponents who post their unpaid advertisements on this blog offer the complete fiction that prosperity is possible under the severe
economic contraction required.
But while the reaction to all these relatively recent developments may appear to be a recipe
for economic contraction — a return to the protected national economies of old — it's acting as an illusion, obscuring the real seismic shifts in global business.
In the Gulf Cooperation Council (GCC) in 2017, overall growth fell by 0.2 percent with Saudi Arabia seeing its
first economic contraction since 2009.
The catch is that it still won't even come close to making up for the red ink splashed everywhere else around this fiscal update, most plainly in Notley government's insistence on spending its way through the severest two -
year economic contraction ever recorded in the province.
Andrew — «If we take the more extreme AGW â $ ™ solutionsâ $ ™ proposed we would end up with planet - wide mass starvation, huge
economic contractions etc..»
Canada's economy is probably going to suffer immensely as this
latest economic contraction goes global, just as it did during the Great Depression.
Oh, and personal bankruptcies have begun to edge upwards, ATB Financial chief economist Todd Hirsch pointed out Monday, a few hours after the Alberta government forecast a year -
long economic contraction.
As a consequence, knowledge of good economic theory is required to understand what's happening to money and why slower economic progress, or even a
prolonged economic contraction, will be an inevitable result.
I choose to look at the recent episodes of
economic contraction across the continent as opportunities to diversify our economies and invest in building critical infrastructure, especially in power, to reduce our susceptibility to commodity shocks and break out of the perpetual boom - bust cycles.»
(It seems likely that the main rise in public spending and reduction of tax revenue over the 2008 - present period has been due to
economic contraction rather than policy change - unemployed people claim benefits, don't pay tax on wages and pay much less VAT on purchases.
Why we care: The housing sector tends to lead the rest of the economy, so its strength is a sign of economic recovery or continuing strength, and its weakness can
signal economic contraction.
Additionally, Ireland's
dire economic contraction is now well embedded in their business, so any eventual green shoots there would be a welcome / extra bonus.
This juxtaposition of images provides insight into the consequences of the country's oscillating wealth during the late 1960s and»70s due to an oil windfall in 1973, with a subsequent
sharp economic contraction creating discontent that contributed to the Iranian Revolution (1978 — 79).
«Central banks and governments which have «dined out» on the 35 year secular, structural decline in inflation are not able to prevent it rising as raising interest rates to suitable levels would risk
serious economic contraction given the huge debt burden economies face.
While the causes of economic dislocation are always different, the results are generally the same... high unemployment, a banking system in danger of collapsing, with
extreme economic contraction, all symptoms of a full recession.
If the snow pushes the UK into another quarter
of economic contraction in the first three months of 2013, Britain's economy will have been shrinking five of the last six quarters.
Ventas is a large well established and well run healthcare eREIT with a solid balance sheet and a long history of growth through
economic contractions as well as expansions.
He also argues that the time has come to consider «shared sacrifice» in the world's wealthiest nations: a course of
voluntary economic contraction in developed economies (thus reducing fossil energy consumption), while allowing developing nations time to shift from dirty to clean energy.