Sixty percent made no portfolio moves at all in downturns
This recession is likely to be comparable in length and depth with the previous three major post-war UK downturns
While some doomsday reports have coined the downturn
a pseudo Great Depression, Peter Linneman, chief economist at the international real estate network NAI Global, prefers to call today's environment the "Great Capital Strike.
The period was excluded, however, in order to keep the time periods consistent with the downturns
in starts and new home sales.
A business that seeks to grow has to realize that access to credit could change significantly during any downturn
High tax ratios allow for greater automatic stabilisation, but tax cuts implemented during upturns may reduce the scope for counter-cyclical easing in subsequent downturns
In addition, the AMT is counterproductive: It exacts its heaviest toll during recessions and thus aggravates, rather than ameliorates, the harsh effects of a business downturn
A combination of relatively low unemployment during the downturn
and historically low labor force growth projected for the coming year means that we may quickly see a return to full employment," says Sylvester Schieber, Ph.
If they fall again, then the recession in the United States will be deep and significant, while the UK, now widely expected to avoid recession in the current world downturn
, will not escape either.
The valuation business came under considerable criticism through this downturn