The secret behind the cut in emissions was economic decline.

The story goes back to the recession of 2001.

In the current slump, economic growth has fallen to zero percent.

Europe and Japan do not have quite as complex financial messes as the US.

But these regions are nevertheless mired in recession.

The talk now is of a global recession that will be steep and prolonged.

Unfortunately, the past ten years have witnessed a painful setback in many areas.

While Nixon believed the US was in decline, the others did not.

The euro's slide is based upon Europe's absolute and relative decline in reference to the American economy.

Africa is more worried about a slowdown in China, it s biggest trading partner by far.

And the role of the troop surge in reducing violence in Iraq is not clear.

It doesn't matter whether we're in a boom, a bust, depression, recession, whatever.

Unemployment is at a cyclical low, and the economy appears to be less volatile than at any point in modern history.

When this is necessary, states experiencing a boom should be taxed more than states experiencing a bust.

The economic consequences of the crisis have left a number of developed countries in a severe slump and scrambling to bring about a healthy recovery.

In that sense, it is reasonable to say that the worst of the downturn is now probably behind us.

Without a regional focus, WANA countries risk sleepwalking into conflict and more pronounced economic decline.

With a large output gap and low inflationary pressure, expansionary policies show great potential for reviving economic activity.

The economy was in a downturn when he took office in 2001, and 9 11 and Iraq made matters worse.

During a typical recession, the default rate among corporations may rise to 10 15 , threatening massive losses for those holding risky corporate bonds.

The 1949 communist takeover in China, the Cold War, America's adoption of Japan as its pampered protégé, and the failure to prosecute Emperor Hirohito for war crimes, allowed Japan to avoid a moral reckoning. Now, as China rises and Japan declines, the old, deep seated suspicions, tensions, and distrust are resurfacing.

Now, as China rises and Japan declines, the old, deep seated suspicions, tensions, and distrust are resurfacing.

In the UK, however, the epidemic of variant CJD seems to have peaked in 2000 and is now in decline, with 156 cases being identified so far. However, a retrospective study of abnormal prion protein accumulation in appendix and tonsil samples from over 12,600 people in the UK has yielded three more cases, which suggests that the level of BSE infection in the UK population is much higher than the actual number of confirmed variant CJD cases indicates.

In the UK, however, the epidemic of variant CJD seems to have peaked in 2000 and is now in decline, with 156 cases being identified so far.

With fear gripping consumers, companies, and countries worldwide, talk has turned from a moderate advanced country recession to a major world depression.

The story of the US is, indeed, one of two economies. There is a smaller one that is slowly recovering and a larger one that is still in a deep and persistent downturn.

The real problem, however, is less the economic contraction than the very limited room for maneuver that the government enjoys in a country that dollarized its economy in 2001.

Here, market conditions for products originating from LDCs have continued to be unfavourable in the early 1990s including, in particular, depressed world prices of primary commodities and recession in major markets.

Now that a recession is underway, US and global stock markets are beginning to fall in a typical US recession, the S P 500 index falls by an average of 28 as corporate revenues and profits sink.

Now that a recession is underway, US and global stock markets are beginning to fall in a typical US recession, the S amp P 500 index falls by an average of 28 as corporate revenues and profits sink.

16. On the military front, information received from the UNAVEM II teams deployed in five areas in the country, as well as from Government and UNITA sources, indicates a general decrease in the intensity of military operations since 21 September 1993.