Sentences with phrase «far deeper downturn»

Not exact matches

Royal Dutch / Shell and BP on Tuesday joined peers in reporting higher than expected earnings by making further deep cuts in spending to cope with an oil price downturn now in its third year.

Tory eyebrows are likely to be raised by Clegg's declaration that the rich must pay more as Britain copes with an economic downturn that is far deeper than anything he expected when he took a «collective gamble» to form Britain's first peacetime coalition in 70 years.

He argued that the «reality was this stark: the costs of climbing out of a deep downturn get higher the further down we go.

As I see it, this recession is deeper and potentially more far reaching than the downturn of 2001.