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recession |
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recessionIn economics, a fall in business activity lasting more than a few months, causing stagnation in a country's output.
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However, they warn that the next economic downturn may force some carriers to declare bankruptcy and liquidate. More Jobs: California companies added more than 17,000 jobs in September despite concerns that the slowdown in the housing market could lead to an economic downturn. Lenders across the nation are beginning to brace for a possible economic downturn, with 59% predicting their financial institutions will see a softening in their loan portfolios in the next six to 12 months, and an additional 27% anticipating a portfolio deterioration in 12 to 24 months, according to the results of this quarter's Phoenix Management "Lending Climate in America" Survey. |
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