When there is a downturn in the economy, as shown by past job loss statistics, many workers find themselves in a position where they never foresaw themselves.
No guarantee of full access to line of credit - Lenders can freeze or reduce the line of credit based on a downturn in the homeowner's credit history or if there is a reduction in the value of the home.
After a brief downturn in the mid 1970s, Canon forged through hard times to emerge stronger than ever thanks to its digital SLR camera and inkjet printer sales.
The effect of that economic downturn further fuels a global recession as it causes economic problems to spread over the borders and across the oceans.
Unfortunately, unemployment caused by an economic downturn is difficult to turn around due to the inability of nonworking individuals to spend money.