News tagged with downturn

Novartis chief sees sales dip until mid-2013

Swiss pharmaceutical giant Novartis said Sunday the expiry of a US patent for its leading hypertension drug Diovan caused a drop in turnover that could last into the first half of 2013.

Oct 07, 2012
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When the economy is down, alcohol consumption goes up

Previous studies have found that health outcomes improve during an economic downturn. Job loss means less money available for potentially unhealthy behaviors such as excessive drinking, according to existing literature on ...

Oct 13, 2011
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Recession

In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions.

Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.

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