Brazil's Aracruz Cellulose lost 84% as demand for its pulp shrank in the face of recession.
And the low-cost carrier isn't letting up: while it plans to shrink overall next year in the face of the recession, it's actually adding service to some of the US cities business travellers frequent the most.
College towns, which had previously done well in the face of the recession, have also moved sharply lower in our rankings, due to a combination of state budget cuts and better performance elsewhere.
There has been much debate lately about the concept of "decoupling, " or the idea that international markets can deliver strong economic growth and robust equity returns in the face of a recession, or at least a very sharp slowdown in the U.S. In the short run, that may be wishful thinking.
He said in the face of economic recession the assembly government was striving to be more creative in its strategies although he said they could not create a market for products if its not there.
But he said progress could only be achieved if public support for green measures was sustained in the face of a recession and existing commitments not abandoned.
Yet, some industrialists point out that it is those economies that have protected their industrial base, led by Germany, that have been the most resilient in the face of the continent's recession.
International bailouts have kept Greece from defaulting in the face of an ongoing recession and low tax revenue, but lenders have demanded hugely unpopular government budget cuts in exchange.
Greece, which is at the center of Europe's debt crisis, is battling to stay afloat in the face of an unsustainable level of debt and an economy that has been in recession for years.
Mrs Hart said: "These statistics are clearly disappointing and show people and businesses across Wales are continuing to face real challenges as a result of the double-dip recession in the UK economy, made worse by the difficult and uncertain global economic climate, " she said.
We were deep into the Great Recession, more businesses than not were scrambling to survive in the face of vastly changed fortunes, and it was more difficult than ever before to disabuse non-marketing senior management of their conviction that marketing is a cost center, not an investment.
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