A year ago, when I met with you, the nation was emerging from an economic downturn, even though the signs of resurgent prosperity were not then sufficiently convincing to the doubtful.

After a decade of impressive growth rates, Chile began to experience a moderate economic downturn in 1999, brought on by unfavorable global economic conditions related to the Asian financial crisis, which began in 1997.

Faced with an international economic downturn the government announced a $ 4 billion economic stimulus plan to spur employment and growth, and despite the global financial crisis, aimed for an expansion of between 2 percent and 3 percent of GDP for 2009.

However, the economic downturn between 1999 and 2002 adversely affected telecommunications.

Due to economic downturn Golden State was forced to sell their entire art collection to ward off its mounting debts and as of spring 2011 the National Museum of African American History and Culture had offered $ 750, 000 to purchase the artworks which led to a controversy regarding the importance of the artworks which have been estimated to be worth at least $ 5 million.

A 2009 survey found that Europeans rated climate change as the second most serious problem facing the world, between " poverty, the lack of food and drinking water " and " a major global economic downturn ".

Despite the downturn, Hong Kong ’ s economic strengths, including a sound banking system, virtually no public debt, a strong legal system, ample foreign exchange reserves, rigorous anti-corruption measures and close ties with the mainland China, enable it to quickly respond to changing circumstances.

To gain political power, the NSDAP took advantage of the economic downturn during the Great Depression.

By 2008, Hummer's viability in the economic downturn was being questioned, and it was placed under review by GM management.

As in prior weak financial markets and prolonged economic slowdowns, hedge funds again lost popularity during the downturn of the 1970s but received renewed attention in the late 1980s, following the success of several funds profiled in the media.

Also, the economic downturn of the early 1990s reduced some of the more serious effects of industrial and agricultural policy.

Although they were better than their expansion cousins, who won only eight games in their inaugural season, the Kansas City Scouts began to suffer from an economic downturn in the Midwest.

In the wake of the global economic downturn, Macedonia has experienced decreased foreign direct investment, lowered credit availability, and a large trade deficit.

Rising inflation, economic downturn, poverty, insecurity and uncertainty are the major problems.

Arrivals from Asian countries dropped in 1998 and 1999 due to the regional economic downturn and the depreciation of many Asian currencies against the dollar, which made Palau's dollar-denominated prices more expensive.

Although growth slowed to 2. 4 % in the first half of 2009, due to the global economic downturn, it is expected to improve in 2010 and is still one of the most positive growth rates in the region.

An economic downturn in the early 1980s caused discontent, which in turn led to demands for reform.

In the early 1960s, Czechoslovakia underwent an economic downturn.

Certainly its long term success and viability have become much harder to judge since the recent worldwide economic downturn, a situation compounded by the actions of its two principal owner-occupiers.

It was feared that the economic downturn might exacerbate all these problems.

In an economic cycle, a downturn can be considered a consequence of an expansion reaching an unsustainable state, and is corrected by a brief decline.

In 1930, King blundered badly when he made overly partisan statements in response to criticism over his handling of the economic downturn, which was hitting Canada very hard.

Bilateral trade with Russia stood at more than $ 700 million for the first nine months of 2010 – on track to rebound to $ 1 billion mark first reached in 2008 prior to the global economic crisis.

Although risks have increased, economic prospects for 2008 remain strong.

On 4 November 2008 Cessna's parent company, Textron, indicated that Citation production would be reduced from the original 2009 target of 535 " due to continued softening in the global economic environment " and that this would result in an undetermined number of lay-offs at Cessna.

A 2008 research report found that conservatives are happier than liberals, and that as income inequality increases, this difference in relative happiness increases, because conservatives ( more than liberals ) possess an ideological buffer against the negative hedonic effects of economic inequality.

The first economic census was taken in 2004 and the second 2008.

In 2008, 2009, and 2010, Site Selection magazine ranked Dayton the # 1 mid sized metropolitan area in the nation for economic development.

The Office of Sustainability, created in 2008, is charged with creating campus solutions that support positive ecological, social health, and economic outcomes.

In 2007, relations between the two have thawed in the fields of diplomacy and economic trade, only to collapse during the 2008 – 2009 Israel – Gaza conflict when the Iranian and Egyptian politicians exchanged blames over inaction towards the escalation.

On 9 May 2008, the Falkland Islands Government asserted that the minefields which represent 0. 1 % of the available farmland on the islands " present no long term social or economic difficulties for the Falklands " and that the impact of clearing the mines would cause more problems than containing them.

In 2008, the EU's eurozone entered its first recession, sparking a debate about possible economic collapse.

Declining exports, reduced domestic consumption and fixed asset accumulation hit Hungary hard during the Financial Crisis of 2008, making the country enter a severe recession of-6. 4 %, one of the worst economic contractions in its history.

Since the 2008 onset of the Irish economic and banking crisis, however, the country's economy has suffered, and since then Ireland has experienced net emigration once again.

However, in the wake of the economic crisis of 2008, Greek government debt crisis, 2008 – 2012 Spanish financial crisis and European sovereign debt crisis, thinkers such as Terry Eagleton, David Harvey, and David McNally have given renewed impetus to the debate on whether Marx was right that capitalism inherently tends towards crisis ( which Marx discussed as the " contradictions of capital ").

Macedonia's GDP grew by an average of 6 % on a yearly basis until the 2008 economic crisis when its economy contracted with the rest of the world.

The focus of the third phase ( 2003 – 2008 ) is not yet clarified, but will require the completion of the indigenization process and the withdrawal of foreign economic support.

This compares very favourably with other sub-Saharan African countries and is largely due to sustained progress in economic conditions ; between 1977 and 2008, growth averaged 4. 6 % compared with a 2. 9 % average in sub-Saharan Africa.

Nicaragua relies on international economic assistance to meet internal-and external-debt financing obligations, although foreign donors curtailed this funding in response to widespread allegations of electoral fraud in Nicaragua's November 2008 elections.

The work of the ODBT WG was suspended in March 2009 when, subsequent to the economic turmoil in late 2008, the ODB vendors involved in this effort decided to focus their resources elsewhere.

In 2008, several international organizations highlighted the potato's role in world food production, in the face of developing economic problems.

By 2008, these state-owned corporations had become increasingly dynamic and generated large increases in revenue for the state, resulting in a state-sector led recovery during the 2009 financial crises while accounting for most of China's economic growth.

South Korea was one of the few developed countries that was able to avoid a recession during the global financial crisis, and its economic growth rate will reach 6. 1 % in 2010, a sharp recovery from economic growth rates of 2. 3 % in 2008 and 0. 2 % in 2009 when the global financial crisis hit.