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The global economic crisis hit the Lesotho economy hard through loss of textile exports and jobs in the sector due largely to the economic slowdown in the United States which is a major export destination, reduced diamond mining and exports, including weak prices for diamonds ; drop in SACU revenues due to the economic slowdown in the South African economy, and reduction in worker remittances due to weakening of the South African economy and contraction of the mining sector and related job losses in South Africa.
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global and economic
The global economic crisis has had less impact on imports because the sector is more diversified than exports.
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.
In 2010, the value of the Armenian Dram ( AMD ) was artificially kept high during the height of the global economic crisis.
As of 2009, construction has been postponed indefinitely due to the global economic crisis.
* Economists use the term " global labor arbitrage " to refer to the tendency of manufacturing jobs to flow towards whichever country has the lowest wages per unit output at present and has reached the minimum requisite level of political and economic development to support industrialization.
A large injection of external investment from both private and public sources has alleviated the economic difficulties of the early 1990s caused by global recession and persistently low commodity prices ( although the latter continues to affect the economy ).
Barcelona is today one of the world's leading tourist, economic, trade fair / exhibitions and cultural-sports centres, and its influence in commerce, education, entertainment, media, fashion, science, and the arts all contribute to its status as one of the world's major global cities.
Cultural anthropology is a branch of anthropology focused on the study of cultural variation among humans, collecting data about the impact of global economic and political processes on local cultural realities.
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.
The administration of President Andrés Pastrana Arango, when it took office on 7 August 1998, faced an economy in crisis, with the difficult internal security situation and global economic turbulence additionally inhibiting confidence.
While early initiatives in the Colombian peace process gave reason for optimism, the Pastrana administration also has had to combat high unemployment and other economic problems, such as the fiscal deficit and the impact of global financial instability on Colombia.
Image: G8 Summit working session on global and economic issues May 19, 2012. jpg | World leaders at the 2012 G8 Summit.
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.
Despite the region's absence of economic growth on the same scale as other parts of the nation, the Maritimes has changed markedly throughout the 20th century, partly as a result of global and national economic trends, and partly as a result of government intervention.
FT is not a “ law of nature ,” and the pattern is influenced by national context ( for example, human population density, stage of development, structure of the economy ), global economic forces, and government policies.
Ecosystems sustain life-supporting functions and produce natural capital through the regulation of continental climates, global biogeochemical cycles, water filtration, soils, food, fibres, medicines, erosion control, and many other natural features of scientific, historical, economic, or intrinsic value.
France generally has worked to strengthen the global economic and political influence of the EU and its role in common European defense and collective security.
* The top-down investor starts his analysis with global economics, including both international and national economic indicators, such as GDP growth rates, inflation, interest rates, exchange rates, productivity, and energy prices.
The economy of Germany during the Hitler era ( 1933 – 1945 ) developed a hothouse prosperity, supported with high government subsidies to those sectors that Hitler favored because they gave Nazi Germany military power and economic autarky, that is, economic independence from the global economy.
In his June 2009, budget speech, Chief Minister Peter Caruana noted that Gibraltar's economy remains in good shape and Government finances remain healthy, solid, stable and robust, despite global economic and financial turmoil.
global and crisis
A global strategy to stem the crisis has been released in the form of the Amphibian Conservation Action Plan.
The global financial crisis started to apply downward pressure on growth and employment in the last quarter of 2008.
During the course of 2009, the grim forecasts for the effects of the global crisis on the Bulgarian economy largely materialized.
As of September 2011, Canada's national unemployment rate stood at 7. 1 %, as the economy continues its recovery from the effects of the 2007-2010 global financial crisis.
However, by 2009, it has been reported that $ 21 billion had been lost from the pension system to the global financial crisis.
This reflected the exposure of Cyprus to the global recession and European sovereign debt crisis.
* Observer 24 April 2005 Seabed supplies a cure for global warming crisis
The crisis was precipitated by a number of external shocks, including the El Niño weather phenomenon in 1997, a sharp drop in global oil prices in 1997-98, and international emerging market instability in 1997-98.
Egypt faced the long term supply-and demand-side repercussions of the global financial crisis on the national economy.
Generation Flux is a neologism and psychographic ( not demographic ) designation coined by Fast Company for American employees who need to make several changes in career throughout their working lives due to the chaotic nature of the job market following the 2008 – 2012 global financial crisis.
Due to reforms and liberalization of economy policy Georgia shows exceptional resilience to external shocks – Russian invasion in 2008 and global financial crisis.
Colom stated that the situation is the combined result of a number of factors, including a severe drought and global warming, which have reduced the domestic food supply, and the Global financial crisis, which has reduced Guatemala's ability to import food.
The global insurance industry was sufficiently capitalised to withstand the financial crisis of 2008 and 2009 and most insurance companies restored their capital to pre-crisis levels by the end of 2010.
Jordan has a developed banking sector that attracts investors due to conservative bank policies that enabled the country to weather the global financial crisis of 2009.
The advent of the global financial crisis in 2008 has caused a resurgence in Keynesian thought.
Although Macau was hit hard by the 1997 – 98 Asian financial crisis and the global downturn in 2001, its economy grew approximately 13. 1 % annually on average between 2001 and 2006.
The global crisis had little impact on the country due to Macedonian banks ' stringent rules.
global and hit
On February 29, the Marlins were recognized on Sports Illustrated's magazine for the 5th time ( 11 / 3 / 1997, Edgar Renteria who had a walk-off hit in Game 7 of the World Series ; 5 / 25 / 1998, Mike Piazza after his trade from the Dodgers ; 11 / 3 / 2003 ; Josh Beckett, after winning World Series MVP and 3 / 12 / 07 Dontrelle Willis, chronicling global warming with Willis in a flooded Sun Life Stadium.
The album's third single " All Summer Long ", became a global hit.
The economy turned for worse as the global recession hit the country ; the worst economic crisis since 1997.
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.
The global recession and piracy in the Indian Ocean hit Seychelles hard in 2009, with the GDP projected to contract by 7. 5 percent.
The economy was hit by a series of global and domestic economic problems and affected by terrorist attacks in Sri Lanka and the United States.
They were signed to Virgin Records and released their debut single, " Wannabe " in 1996, which hit number-one in more than 30 countries and helped establish the group as a global phenomenon.
The 2008 global financial crisis has hit Tajikistan hard, both domestically and internationally.
The Dutch economy was hit considerably by the ongoing global financial crisis and the ensuing European debt crisis.
As the global recession hit in 2001, the offshore sector in Barbados slightly contracted further thereby making Tourism as the new chief money maker, after having earlier eclipsed manufacturing and sugar cane.
Canadian Terry Jacks ' version of " Seasons in the Sun " became a global pop hit in 1974, topping the charts internationally.
ironically, this sanitized version became a global pop hit in 1974.
It was recorded in French (« Une femme avec une femme »), English and Italian, giving Mecano their first truly global hit.
* In the SimCity video game, floodings hit Rio de Janeiro due to global warming.
They retained their RCA recording contract and links with Conny Plank, and by 1983 had achieved global success with their hit single " Sweet Dreams ( Are Made of This )".
By contrast, the United States publishes the Federal Reserve's deliberations with a five-year lag, which have provided " the most detailed picture yet of how top officials at the central bank didn't anticipate the storm about to hit the U. S. economy and the global financial system.
The odorless and tastelessness of kawaii has made it a global hit, resulting in Japan's global image shifting from being known for austere rock gardens to being known for " cute-worship ".
The Spice Girls signed to Virgin Records and released their debut single, " Wannabe ", which hit number-one in more than 30 countries and helped establish the group as a " global phenomenon ".
The song proved to be a global hit, reaching number 1 in 29 countries.
Commercially, it was a global box-office hit and being one of the highest grossing films of 1997.
Nomura Holdings hit the global headlines in October 2008, when it acquired most of Lehman Brothers Asian operations together with its European equities and investment banking units.
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