Sentences with phrase «international financial downturn»

The housing sector in Scotland is continuing its recovery from the effects of the international financial downturn which impacted on both housing developers and would - be home buyers and increased pressures on living standards across households generally.

Not exact matches

A decade after having proclaimed the «end of history» and the arrival of a new world order of prosperity based on «democracy and the market», globalised financial capital has subjected the majority of the planet's working populations to the burden of international recession, which has spread out in leaps and bounds, from Asia: recession and deflation in the world's second economy, Japan; recession and even depression m various east Asian countries, since the first quarter of 1997; the collapse of the Russian economy six years ago and financial bankruptcy in July 1998; brutal recession in the leading economy of Latin America, Brazil; the beginning of the downturn in the economies of the OECD countries.

The auto industry's confidence hit another bump with the International Monetary Fund's warning Oct. 9 that the global economy is skidding toward another downturn that will be more complex than the 2008 - 2009 financial crisis.

The «scariness» over home loans was the widespread realization that the rules of the game had been changed permanently, by the combination of an economic downturn plus national (or even international) financial policies designed to enforce low inflation rates - with the consequence that «being underwater» had been changed from a short term problem to a long - term one.

Of course, globalization and emerging markets are nothing new for international law firms — the big push for many took place in the 1990s — although the effects of the financial crisis and economic downturn have caught up with many U.S - headquartered firms who could previously rely on a strong domestic market to keep the money coming in.