In 2009 the economy declined with 3.5%, followed by two years of mild growth.
A reading below 50 indicates that the economy is declining.
I think the economy will decline for a few more months.
While the gold price had reached its top, the global economy was declining.
Japan's economy declined by 0.6 percent in the second quarter of 2008.
When the spark died, the economy declined, and so did the quality of art.
Then, in 2008, the economy declined and they had to take out more money.
The German economy declined by 0.5 percent in the second quarter.
Both of the mills had closed by 1985, and the local economy declined.
The economy declined, though it was recovering in 1926 and 1927.