Even a decline in real GDP of 2 per cent, which would be
a major economic slump, could be managed.
Not exact matches
The bellwether S&P 500 and the Dow Jones Industrial Average were essentially flat, and
major foreign indexes were all down (some sharply) during the same period, after a volatile year marked by weak global
economic growth,
slumping U.S. corporate profits and uncertainty about the outlook for the China and the European union.
However, since that time, low
economic growth and a
major slump the market has made equities look much less attractive.
Wild swings are bad for the U.S. economy because it has become a
major oil producer, but this production requires enormous effort (I think the current
economic slump is caused in part by the huge slow down in
economic activity in oil producing states as well as those supplying services and materials to the industry).
The price of bitcoin at most
major bitcoin exchanges have also recovered, to a certain extent, from the Mike Hearn exit, demonstrating a strong performance amid global
economic stability and
economic slump.