Not exact matches
Governments tend to be more stable when an economy is healthy, but significant
deterioration in economic growth can increase political risk.
Using the sensitivity analysis provided by the Department of Finance
in the April Budget, a reduction
in real
economic growth of 0.6 percentage point would result
in deterioration in the budget balance of approximately $ 2.5 billion
in 2015 - 16.
That share could increase
in the event that an adverse shock led to a
deterioration in overall
economic conditions.
For example,
in the fall of 2008, Taylor Rule prescriptions were well above the level of rates that was appropriate given the sharp and persistent
deterioration in the
economic outlook and the sharp tightening
in financial conditions that occurred during that period.
The nation's first major
economic indicator for August signaled a further
deterioration as a private manufacturing index fell to the lowest level
in six years.
All of this is very much
in line with the
deterioration that we've observed for months
in leading measures of
economic activity.
With the S&P 500 within about 8 % of its highest level
in history, with historically reliable valuation measures at obscene levels, implying near - zero 10 - 12 year S&P 500 nominal total returns; with an extended period of extreme overvalued, overbought, overbullish conditions replaced by
deterioration in market internals that signal a clear shift toward risk - aversion among investors; with credit spreads on low - grade debt blowing out to multi-year highs; and with leading
economic measures deteriorating rapidly, we continue to classify market conditions within the most hostile return / risk profile we identify — a classification that has been observed
in only about 9 % of history.
My interpretation is that we may be on the cusp of a fresh
deterioration in economic conditions and an acceleration
in defaults.
This outlook is predicated on
economic activity that already has taken place and does not consider any additional risks from exogenous factors... Significant
deterioration also will be seen
in corporate profits and federal tax receipts.
As I've frequently emphasized, the earliest indications of an oncoming
economic shift are usually observable
in the financial markets, particularly
in growing
deterioration across broad market internals, and widening credit spreads between debt securities of varying creditworthiness.
As I noted last week, the average historical outcome of similar combinations has been negative, largely because the
deterioration in economic pressures tends to trump technical action even when it has been more favorable than it is at present.
In the sequence of
economic events that normally precede an
economic downturn, our expectation is that real income — not yet employment — is most likely the next
economic measure that is vulnerable to
deterioration.
But what makes this current rally even more interesting is the fact that it is occurring while the stock market continues to squeeze higher despite the continued
deterioration in economic data.
With the
deterioration in the
economic outlook since the April 2016 with deficits now projected over the forecast period, the deficit will be well above the $ 10 billion of promised policy initiatives
in 2016 - 17.
Since then, the broad market has essentially gone sideways, though capitalization - weighted indices such as the S&P 500 have recently clawed to new highs on enthusiasm about negative interest rates abroad (which I believe actually reflect fresh
deterioration in global
economic conditions across Britain, Europe, Japan, and China).
If you agree that environmental
deterioration is important, that net international capital is a significant consideration, and that a nation is better off economically when the gap between the rich and the poor is narrowed, then our figures will be useful to you
in evaluating how much correlation there is between changes
in per capita GNP and
economic welfare.
[The] report served the time - tested purpose: Whenever the system is
in crisis (or shows signs of becoming transformed); whenever blacks get restless (or show strength); whenever whites
in significant numbers show signs of coming together with blacks to confront their mutual problems (or enemies), the trick is to shift the focus from the real struggle for political and
economic empowerment to black «crime,» degeneracy, pathology, and —
in Moynihan's innovative twist — the «
deterioration» of the black family.
It has to be recognized that the
deterioration of conditions and the process of mass marginalization produced by the globalization of the
economic model is producing a certain amount of demoralization
in certain Third World areas and that some too sanguine expectations of the Sixties and Seventies have to be reassessed.
This patience, which is complemented by a gritty determination to see real legal and
economic reforms take hold, is all the more striking
in that Ukraine must confront daily the cultural and social
deterioration created by the sad reality of Homo Sovieticus: men and women who grew up under a brutal political system that was built on falsehoods, that maintained itself through terror, and that taught everyone that trust
in another human being can be very costly.
To these changes from the nineteenth century world, with which the expansion of the influence of Jesus had been intimately connected, has been added a
deterioration in economic conditions which has undercut the financial support of the churches and their missions.
Child Abuse Declines Nationally
in Spite of
Economic Deterioration Child abuse declined nationally
in 2008 compared to 2007, according to a new report by the Crimes against Children Research Center at the University of New Hampshire.
The
economic theory on which this plan is based is highly - contentious and given the continuance of the
deterioration in the nation's (and Europe's) finances, it is being challenged by the alternative strategies like never before.
An experiment
in government consolidation has failed
in central New York — a victim of a difference of opinion over how to create jobs and promote
economic growth
in Syracuse and Onondaga County and the continued
deterioration of the relationship between the mayor and county executive.
Such an action would have caused an immediate and sharp
deterioration in the UK's
economic position and political leverage.
Osborne will deliver his budget next Wednesday and has signalled that he could be forced to announce fresh spending cuts to reflect the
deterioration in the global
economic outlook.
It's a role they historically have played well
in draw - downs caused by
economic deterioration and other risk - off periods.
Moody's, another major credit rating company, said back
in August that the U.S. could see a downgrade from their institution before 2013 if it observes «(1) any weakening of fiscal discipline between now and then or (2) a significant
deterioration in the
economic outlook resulting
in adverse fiscal implications that are not offset.»
We are watching out for sustained
deterioration in this
economic data.
We are watching out for further
deterioration in this
economic data series.
Information received since the Federal Open Market Committee met
in November suggests that
economic activity has continued to pick up and that the
deterioration in the labor market is abating.
Overall, my impression is that the near - term dynamics of the market are likely to be dominated by this sort of speculative trend following activity - primarily because it will probably still take another 4 - 8 weeks until sensitive coincident
economic measures (such as ISM figures and new claims for unemployment) begin to predictably reflect the
deterioration we've seen
in various composites of leading indicators.
The 2007 bear market and 1987 crash were preceded by clear signs of
economic deterioration, particularly
in the housing market (Housing Starts, New Home Sales, Existing Home Sales, Pending Sales).
December 2009 January 2010 Comments Information received since the Federal Open Market Committee met
in November suggests that
economic activity has continued to pick up and that the
deterioration...
An OECD (Organisation for
Economic Co-operation and Development) report (2007) describes
deterioration in water and air quality
in New Zealand — due,
in part, to agriculture.
Further, the United Nations Convention to Combat Desertification (UNCCD) defines land degradation as a reduction or loss
in arid, semi-arid, and dry sub-humid areas of the biological or
economic productivity and complexity of rain - fed cropland, irrigated cropland, or range, pasture, forest and woodlands resulting from land uses or from a process or combination of processes, including those arising from human activities and habitation patterns, such as: (i) soil erosion caused by wind and / or water; (ii)
deterioration of the physical, chemical, and biological or
economic properties of soil; and (iii) long - term loss of natural vegetation.
The United Nations Convention to Combat Desertification defines land degradation as a reduction or loss
in arid, semi-arid, and dry sub-humid areas, of the biological or
economic productivity and complexity of rain - fed cropland, irrigated cropland, or range, pasture, forest, and woodlands resulting from land uses or from a process or combination of processes, including processes arising from human activities and habitation patterns, such as (i) soil erosion caused by wind and / or water; (ii)
deterioration of the physical, chemical and biological or
economic properties of soil; and (iii) long - term loss of natural vegetation.
Climate impact concerns include environmental quality (e.g., more ozone, water - logging or salinisation), linkage systems (e.g., threats to water and power supplies), societal infrastructures (e.g., changed energy / water / health requirements, disruptive severe weather events, reductions
in resources for other social needs and maintaining sustainable livelihoods, environmental migration (Box 7.2), placing blame for adverse effects, changes
in local ecologies that undermine a sense of place), physical infrastructures (e.g., flooding, storm damage, changes
in the rate of
deterioration of materials, changed requirements for water or energy supply), and
economic infrastructures and comparative advantages (e.g., costs and / or risks increased, markets or competitors affected).
The Fed said it was ready to halt the disinvestment process if there were «a material
deterioration in the
economic outlook that would require a significant decline
in interest rates.»
Among the likely adverse consequences for these communities are: exacerbation of already overcrowded Indigenous communities (including
in the larger settlements),
deterioration in health status, and relocation of some people to the fringes of rural and regional towns where social and
economic opportunities are more limited.
To withdraw expenditure is simply to hasten
deterioration with a rise
in associated social and
economic burden.
The slowdown
in economic growth is not indicative of a significant
deterioration in the underlying strength of
economic activity, but a fading inventory boost to GDP growth.