Sentences with phrase «severe global economic downturn»

If youâ $ ™ ve been living in a distant galactic bubble for the last couple of years then you still might not have heard the news â $ «we are currently suffering from a severe global economic downturn.

Not exact matches

While economic conditions have improved since the severe downturn we experienced in calendar years 2008 and 2009, domestic and global economic conditions remain volatile.

In late 2002 and early 2003, the global organization — recently spun off from Bass Group — faced bloated overhead costs in the competitive hotel industry, experienced a decline in business and vacation travel because of the worldwide economic downturn and the spread of severe acute respiratory syndrome (SARS), underwent a brand name change (from Six Continents), and battled a hostile takeover attempt by British entrepreneur Hugh Osmond.

The US subprime mortgage crisis, which resulted in the global financial crisis of 2007 - 2008, was the most severe one since the Great Depression, leading to the global economic downturn affecting almost the entire world.