Sooner or later, in the cyclical business of extracting oil and natural gas, the commodities will experience a downturn.

Bookings for capital goods picked up but factories making consumer and intermediate goods experienced a downturn in demand.

For an entire generation this will be the first time they will have experienced a downturn.

During 2008, companies around the world experienced a downturn as the world was hit by the 2008 financial crisis.

Corporate hospitality agencies also withdrew from the event, with some experiencing a downturn in business of up to eighty percent.