While analysts predict a cyclical economic recession in two or three years, they estimate that construction work will continue expanding until the end of the century.
No forecaster can say with certainty, though, whether the city is slipping into another cyclical recession or whether it is headed for a permanent decline.
The perception that Japan is in decline is magnified by the fact that the nation has been suffering at the same time from both a cyclical recession and long-term structural change.
This is the cyclical recession, we have them all the time, they come and they go.
Mr. Dinkins likes to say that the city's problems are primarily the result of a cyclical recession, and will pass when the economy improves.
John Calamos Sr. contends that the economy is emerging from a shallow, brief cyclical recession.
The unequivocal answer: "This is not only the usual cyclical recession, but also a structural recession."
This isn't just a cyclical recession we can just get past with a bit of spending.
For almost two years we have been subjected to a structural recession, not the typical cyclical recession.
The Mayor contends the city is primarily the victim of a cyclical recession that will pass.