1. But critics contend it was the interest rate increases that plunged the economies into depressions. 2. But the economic slowdown in the United States has forced many American companies to cut back on goods produced with Mexican labor, plunging that economy into recession. 3. Emerging market bonds fell as investor concern that plunging Asian economies would hurt other emerging markets led traders to track U.S. stocks, which also tumbled. 4. Switching from the income tax to a national sales or value-added tax would probably plunge the economy into a steep recession, a Federal Reserve Board member said Wednesday. 5. The loss of favorable trade relations with the United States could plunge the economies of those four countries into further economic hardship, Graham said. 6. The peso devaluation plunged the economy into its deepest recession in more than six decades the following year. 7. Another speculative attack in January forced the government to devalue its currency, the real, and plunged the economy into recession. 8. Analysts worry that chronic deflation could plunge the economy into a steeper decline. 9. Independent economist John Robertson said the farmers were correct in warning the lawlessness and seizures threaten to plunge the economy deeper into crisis. 10. Instead of achieving a V-shaped economic recovery, the Thai economy could be plunged into a W shape. |