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downturn |
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Downturn The transition point between a rising, expanding economy to a falling, contracting one.
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As a result, companies need to pay special attention in order to manage risks that arise from the uncertainty during downturns in the credit cycle. Not only was the year 2001 one of the largest cyclical downturns in the electronic distributor industry, but also a beginning to an economic recession,'' the letter reads. They understand that this need will not go away and that economic downturns, and the resultant lower volumes, represent a unique opportunity to expand with minimal disruption to operations. |
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