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Like in previous quarters, the decline can be attributed to the continued effects of structural divestments made in previous quarters.
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"I don't know how high it is going to get but I know 200 of my constituents are flooded out and I am very concerned about the long-term effects of structural damage, " he said.
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For over and above the cyclical effects we have that structural effect impacting on the retail segment.
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One school of thought is that a high unemployment rate is structural and immune to the stimulative effects of monetary policy.
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Fed Chairman Bernanke also warned House members to focus on a rising structural deficit and its possibly harmful effects on the economy.
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Trying to answer to this question may be less important than thinking about some structural changes in the market that are having long-term effects.
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Doesn't mean that they don't happen, but it means that most of the effects of race have to do with institutional and structural barriers to opportunity.
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That the declines were much smaller on average was because the effects of the appreciation were offset by demand-boosting fiscal, monetary and structural policies.
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Structural policy adjustments have played a role in some countries, but the improvement also reflects cyclical effects, in particular the relatively weak cyclical position of many advanced economies and movements in terms of trade.
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While structural issues such as regulation, sovereign finance, antitrust or citizenship restrictions on investment have various effects on the airline industry's finances, neither the private nor public sector has advanced a comprehensive analytically-based framework to optimise industry economics.
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