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The dreaded “R” word - US enters recession, Asia pays the price

3-Dec-2008

The US economy may not have entered recession according to official definitions – yet – but the highly respected National Bureau of Economic Research estimates the US economy has been in recession since Dec-07. Recent economic index and the performance of the share market and oil prices would suggest the downturn facing the US could be protracted. [1097 words]

Unlock the following content in this report:

Subheadings:

  • Asian air freight figures point to dramatic economic slowdown
  • Airports Council International expects a recovery will be a "long time coming"
  • Bleak outlook

Graphs and data:

  • Asia Pacific vs Industry international passenger traffic (RPKs) growth (% change year-on-year): Nov-07 to Oct-08
  • Asia Pacific vs Industry international passenger capacity (ASKs) growth (% change year-on-year): Nov-07 to Oct-08
  • IATA International passenger traffic growth by region (% change year-on-year): Nov-07 to Oct-08
  • Asia Pacific international freight traffic growth and freight capacity growth (% change year-on-year): Nov-07 to Oct-08
  • Asia Pacific international passenger traffic growth and passenger capacity growth (% change year-on-year): Nov-07 to Oct-08
  • Asia Pacific international passenger numbers growth (% change year-on-year) and passenger load factors (%): Nov-07 to Oct-08
  • ACI passenger traffic growth (% change year-on-year): Nov-07 to Oct-08
  • ACI passenger traffic growth (% change year-on-year) at Asia Pacific airports: Nov-07 to Oct-08
  • ACI passenger traffic growth (% change year-on-year): 12 months to Oct-08, ten months to Oct-08 and Oct-08
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