Word: slowdown
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Finance Minister Carstens also unveiled an economic recovery plan, promising $1.3 billion in grants, loans and programs to hard-hit sectors. But such funds may not go far in an economy already in recession from the global slowdown. Businesses from the flu-ridden streets of the capital to the golden beaches that tourists fled in droves are all complaining they have been hammered by the epidemic and its consequences. In the Caribbean paradise of Cancun, six major resorts were to take their own holiday because they had been emptied of guests, said Rodrigo de la Pena, president of the Cancun...
...exceed the costs—both the direct financial cost of attending, pegged at $48,868 for next year, and the indirect opportunity cost of four years that could have been spent working. With tuition continuing to rise faster than the rate of inflation, and no sign of a slowdown in sight, Harvard students should ask the question: how much is their designer degree really worth after their hats are thrown in Tercentenary Theatre...
...that exports are bottoming." Most importantly, China's exports rose 7.6% in March from February, after six straight months of contraction. "While exports growth is likely to remain weak in the coming months," Goldman Sachs economists Yu Song and Helen Qiao commented about China, "we believe the worst sequential slowdown probably is behind...
...downturn - and the ripple effect was moving farther north. Phillips says the manager of a large outlet mall in San Marcos, 200 miles north of Laredo, Texas, told him that sales were down over the Easter holiday, traditionally a popular shopping time for Mexican tourists in Texas. But that slowdown would pale beside the impact of a border shutdown. (See a video of protests against building a wall on the U.S.-Mexico border...
...because consumer consumption within the country has not fallen apart. But, one of the issues that the government mentioned as a hurdle to growth was labor unrest and unemployment. Growing joblessness is almost certain to undercut the ability of the middle class to pull China out of its slowdown...