Sentences with phrase «face of a global recession»

In the face of a global recession, China's GDP rocketed 8.9 % in 2009.

Not exact matches

However, should slowing global economic growth or recession result in a long - term reduction (three to five years) in energy prices, then U.S. Silica and its peers will face the prospect of their current lucrative contracts expiring and themselves sitting atop literal mountains of frac sand, while demand may have fallen off a cliff.

Triggered by the known «United States housing bubble», the 2007 - 2008 financial crisis soon led to the 2008 — 2012 global recession and subsequently affected Eurozone by contributing to its sovereign - debt (Baily and Elliot, 2009 & Lin and Treichel, 2012) Although the crisis that the EU faces has been mainly correlated with Greece, the truth is that it has also dramatically shaken many countries of the Southern Europe.

But it would be the ever - stronger need to drive shareholder value in the face of fast - globalising competition, and intensified by the impact of global recession, that would accelerate the change.