Wall Street Journal (December 14)
“Falling prices in China” are causing havoc “as factories struggle to cope with overcapacity and weak demand.” This is increasing pressure “on Beijing to take more forceful action to prevent a downward spiral of deflation that becomes self-reinforcing, potentially landing China in a longer-term recession.”
Tags: China, Deflation, Downward spiral, Factories, Falling prices, Havoc, Overcapacity, Recession, Self-reinforcing, Struggle, Weak demand
Bloomberg (September 10)
“A deepening selloff in Chinese stocks is exacerbating a crisis of confidence in the world’s second-largest economy, heaping pressure on policymakers to halt the downward spiral.” The benchmark CSI 300 Index “of the nation’s onshore shares is near the lowest levels since January 2019, yet another reflection of the depth of the market gloom.”
Tags: 2019, Benchmark, China, Crisis of confidence, CSI 300 Index, Deepening, Downward spiral, Exacerbating, Policymakers, Pressure, Selloff, Stocks
Washington Post (January 19)
“The nation is in the midst of one of the biggest workforce shifts in generations.” Many prefer working at home or at least “want a ‘hybrid’ situation of working two or three days remotely. Cities must adapt to this new reality or risk a downward spiral of falling commercial property values, lower taxes on those buildings and ghost downtowns that could lead to increased crime and homelessness.”
Tags: Adapt, Buildings, Cities, Commercial property values, Crime, Downward spiral, Home, Homelessness, Hybrid, Lower taxes, Reality, Remotely, Risk, Shifts, Workforce
LA Times (October 6)
“The Arctic is transforming more rapidly than anywhere else on Earth, with temperatures rising at twice the rate seen elsewhere.… Nobody can be certain when the Arctic sea ice will be gone, but scientists agree that we are on a precarious downward spiral. The loss of nearly all Arctic sea ice in late summer seems inevitable, and an ice-free Arctic Ocean will probably arrive within decades, if not sooner.”
Tags: Arctic, Downward spiral, Earth, Ice-free, Inevitable, Sea ice, Summer, Temperatures
Los Angeles Times (August 17)
“More than seven decades later, the dispute over who should pay for the suffering…is at the heart of a downward spiral in relations between South Korea and Japan that has spawned a trade war and ignited massive protests and boycotts in South Korea,” putting much at risk. “An $80-billion bilateral trade relationship is in jeopardy, as is a military information-sharing agreement between the two countries that has been valuable for the U.S. and its allies against the North Korean threat.”
Tags: Bilateral trade, Boycotts, Dispute, Downward spiral, Japan, Jeopardy, North Korea, Protests, South Korea, Suffering, Threat, Trade war, U.S.
Euromoney (May 21)
As the European currency crisis continues to unfold, the spotlight shifts. “Spain’s economic political future hangs in the balance, as fears over Greece’s exit from the eurozone leave the credibility of its financial stabilization plans in tatters without urgent redress from eurozone policymakers.” And if Spain falls to contagion, there’s no telling where the downward spiral will end, though Italy would probably be the next to fall.
