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Still flat on its back

Article Abstract:

One-fifth of US office space lies empty, and commercial developers who were counting on a growing white collar sector are now counting their losses. Unemployment is up and the recession lingers. Even if the economy had a sharp upturn, it would still take years for developers to break even.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992

Real estate developers, Finance, Real estate, Office buildings, Real property

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Shop until you drop: American retailing

Article Abstract:

Retailers in the south and south-east, where economic recovery is strongest, experienced small sales increases during the holiday season. Discounting store chains fared the best. Bankruptcies will increase before the whole industry recovers.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992

Retail industry, Retail trade, Reports

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Subjects list: Economic aspects, Recessions

Similar abstracts:

Abstracts: Recession a la mode: the poor rich (1). Worthy of his hire? Let them eat croissants: the poor rich (2)

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