He said Bulgaria's crushing financial slowdown, and the near total collapse of the coppersmith industry, has made it virtually impossible for his family to raise the money needed to find wives for his three grandsons, aged 18, 20 and 22.
The collateral damage from the housing market is already baked in the cake: Expect a continued slump in residential construction activity and employment, lower house prices that will force more subprime lenders to the wall and put strains on the most leveraged parts of the financial system and a slowdown in consumption expenditures.
Britain's economy will also take a hit as the City suffers from the slowdown in international financial activity.
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Analysts worry that some of the money going into these products has been used to make high-interest loans to risky private businesses shunned by the banks themselves, a phenomenon critics say could exaggerate loan and investment losses in China's financial system if an economic slowdown led to widespread defaults.
Despite fears of a spending slowdown by consumers and financial institutions, Dell rivals Apple, Hewlett-Packard and IBM, have all turned in strong results.
SunPower this afternoon slashed its financial forecast for 2011 to reflect a slowdown in the solar market.
Having left behind a slowdown induced by the world financial crisis, many expect the economy to grow at 5-6% this year.
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After a period of calm following the 2008-2009 manufacturing slowdown due to the world financial and economic crisis, Chinese plants are running almost non-stop again, with demand in cars, consumer electronics, plastic toys like vuvuzelas coming from all corners of the globe.
After 14 quarters of double-digit expansion, the services sector grew 9.6% in the second quarter, largely due to a slowdown in the real estate and financial sectors.
One could speculate that growing concern about the lack of jobs is linked to current economic worries, such as financial problems for euro currency and the resulting slowdown of major economies.
The GE that Immelt crafted is the one that survived the immediate credit crunch, the financial sector meltdown, the ensuing worldwide economic slowdown, and the various crises that some of those acquisitions wrought.
But we now know that the great startup slowdown was happening long before the Global Financial Crisis and the Great Recession.
Less clear is how the system will cope with a financial shock caused, say, by a sharp slowdown in the United States.
With the Colombian economy firing on all cylinders, despite a temporary slowdown in 2008 due to the global financial crisis, GNB Sudameris continued to grow.
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The growth rate of world output of goods and services has been in an extensive slowdown since 2008, but the volume of financial assets continues to expand quickly.
The longer the financial-market crisis continues, the sharper the inevitable economic slowdown.
Adam Klopfeinstein, market strategist with Archer Financial Services, said gold rose on fears of a global economic slowdown, particularly after a poor U.S. jobs figure.
FORBES: METALS OUTLOOK: Gold's Focus Will Remain On Europe, Hopes For Monetary Stimulus
The oddity, however, is how little impact higher rates (with the certain prospect of more to come) have had on the financial markets, which would normally be expected to anticipate any economic slowdown.
Any sign of a slowdown in consumer spending for the current quarter from Apple Chief Financial Officer PeterOppenheimerPeter Oppenheimer will send Apple's shares lower.
Any sign of a slowdown in consumer spending for the current quarter from Apple Chief Financial Officer Peter Oppenheimer will send Apple's shares lower.
The trouble for Sarkozy will be producing those results during a time of economic slowdown, when inflation is hurting consumers and a lack of financial liquidity is stifling investment.
The Commission attributed the slowdown to lower global demand, higher material costs, a volatile financial market and tight credit conditions in China.
But his message will be that the financial storm clouds are still hovering, and the risks of yet another global slowdown are all too real.
The Stoxx Europe 600 fell 1.1% after European Central Bank President Mario Draghi acknowledged that the economic slowdown has spread to countries that hadn't previously been hampered by financial-market tensions.
And third, a slowdown to 2-3% will do too little to correct various economic and financial imbalances that have emerged, leaving the economy vulnerable to a future hard landing.
Bernanke noted that financial markets remain under extreme strain and that the credit squeeze is a primary cause of the economic slowdown.
To offset the construction slowdown, the group has diversified--with mixed results--into satellite communications, financial services, industrial and power projects and petroleum, chemicals and mining.
The financial meltdown, which has choked off credit to car buyers and dealers, has resulted in a sharp slowdown in already weak industry sales.
But are the cuts causing the slowdown, as Ed Balls believes, or are both of these developments a symptom of the global financial crisis and its aftermath, as the Chancellor believes?
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