General economic downturn definition

General economic downturn means a regional slowdown in work within an industry that is not due to factors that are typical for the industry or occupation.

Examples of General economic downturn in a sentence

  • Major Challenge TypeResponses (%)General economic downturn Reduced development programme Housing benefit cutsSustainable retrofit Social instability / ASBThreat of restriction of role to 'welfare housing' Other52 (40%)15 (12%)15 (12%)35 (27%)1 (1%)6 (5%)5 (4%)In isolation, the response to this question indicates that while low carbon domestic refurbishment is considered important, wider economic, social and political issues influence the sector strongly.

  • General economic downturn may result in a reduction in the number of expatriates living and working in Singapore and in expatriate compensation packages.

  • General economic downturn was not of course unheard of, but the Keynesian belief that the economy would prove to be cyclical and that the negative implications of downturn could be mitigated by the state was sundered by the cycle of decline in which the economy seemed to be stuck (Cerny and Evans, 2003:19; 2004:52).

  • Overall capital receipts are lower than 2007/08 due to the following, • One of capital receipts included in the 2007/08 capital receipts total related to the sale of Leeds & Bradford Airport • General economic downturn and reduction in property values affecting sales values and the actual number of disposals.

  • After one (1) year of satisfactory performance, the Mechanic “B” will progress to the Mechanic “A” rate.

  • Table 12: Major Reasons Cited by SMEs for Banks to Reduce Credit Facilities Reasons No. of companies (6) Fall in the value of the collateral 6 General economic downturn in Hong Kong 4 Note: Figure in parentheses is the total number of responding companies.

  • For purposes of this chapter:(1) "Full time employment" means paid time of thirty- five to forty hours each week.(2) "General economic downturn" means a regional slowdown in work within an industry that is not due to factors that are typical for the industry or occupation.(3) "Seasonal employment" is defined in WAC 192-100-040.[Statutory Authority: RCW 50.12.010, 50.12.040, and 50.60.901.

  • General economic downturn leading to low numbers of new business, downsizing, increase in closure of business.

  • General economic downturn and cost of living crisis/ inflation; and c.

  • The pre-test and post-test diaries were identical for all groups.

Related to General economic downturn

  • Special Economic Zone means each Special Economic Zone notified under the proviso to sub-section (4) of section 3 and sub-section (1) of section 4 (including Free Trade and Warehousing Zone) and includes an existing Special Economic Zone;

  • freezing of economic resources means preventing the use of economic resources to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them;

  • exclusive economic zone ’ means the zone established by Presidential Proclamation Numbered 5030, dated March 10, 1983, including the ocean waters of the areas referred to as ‘‘eastern special areas’’ in Article 3(1) of the Agreement between the United States of America and the Union of Soviet Socialist Re- publics on the Maritime Boundary, signed June 1, 1990;

  • Regional economic integration organization means an organization constituted by sovereign States of a given region to which its member States have transferred competence in respect of matters governed by this Convention and which has been duly authorized, in accordance with its internal procedures, to sign, ratify, accept, approve or accede to this Convention;

  • Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • U.S. Economic Sanctions is defined in Section 5.16(a).

  • Indian-owned economic enterprise means any Indian-owned (as determined by the Secretary of the Interior) commercial, industrial, or business activity established or organized for the purpose of profit, provided that Indian ownership constitutes not less than 51 percent of the enterprise.

  • Net Economic Return shall have the meaning ascribed to such term in paragraph 2 of Exhibit E to the Lease.

  • Broad-Based Black Economic Empower-ment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • Economic abuse means any behaviour that has a substantial adverse effect on B’s ability to—

  • Transit-oriented development means infrastructure improvements that are located within 1/2 mile of a transit station or transit-oriented facility that promotes transit ridership or passenger rail use as determined by the board and approved by the municipality in which it is located.

  • economic resources means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but may be used to obtain funds, goods or services;

  • U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • Atomic Energy Act means the Atomic Energy Act of 1954, as amended.

  • Michigan economic growth authority means the Michigan economic growth authority created in the Michigan economic growth authority act, 1995 PA 24, MCL 207.801 to 207.810.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999, as amended, between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund. If the Michigan economic development corporation is unable for any reason to perform its duties under this act, those duties may be exercised by the Michigan strategic fund.

  • Economic Sanctions refers to sanctions imposed by the U.S. government in response to Russia’s actions in Ukraine, as well as any sanctions imposed under state law. The EO directs state agencies to terminate contracts with, and to refrain from entering any new contracts with, individuals or entities that are determined to be a target of Economic Sanctions. Accordingly, should the State determine Contractor is a target of Economic Sanctions or is conducting prohibited transactions with sanctioned individuals or entities, that shall be grounds for termination of this agreement. The State shall provide Contractor advance written notice of such termination, allowing Contractor at least 30 calendar days to provide a written response. Termination shall be at the sole discretion of the State.

  • Business Critical means any function identified in any Statement of Work as Business Critical.

  • Common Unit Economic Balance has the meaning set forth in Section 5.01(g) hereof.

  • Economic Minimum means the lowest incremental MW output level, submitted to PJM market systems by a Market Participant, that a unit can achieve while following economic dispatch.

  • Economic Life means the number of years a property improvement is expected to be in service in a facility.

  • multilateral trading facility (MTF means a multilateral system in the Union within the meaning of Article 2(1)(6) of Regulation[MiFIR].

  • COVID-19 Measures means any quarantine, “shelter in place”, “stay at home”, workforce reduction, social distancing, shut down, closure or sequester order, guideline, recommendation or Law, or any other applicable Laws, guidelines or recommendations by any Governmental Entity in connection with or in response to COVID-19.

  • Established geographic service area means a geographic area, as approved by the Commissioner and based on the carrier's certificate of authority to transact insurance in this state, within which the carrier is authorized to provide coverage;

  • Economic loss means any of the following types of pecuniary harm: