Why? Because during conflict economic policy typically deteriorates.

After the divorce the living standard of a single mother deteriorates and her social network changes.

I am very concerned that if the situation in Darfur deteriorates further, the number of human rights violations will increase.

One clear lesson from the past year is that the United Nations system must be able to shift into emergency mode smoothly and efficiently when a situation deteriorates.

Russia s famous oligarchs have already stashed most of their wealth abroad, but they retain significant savings at home. As the economic and political situation deteriorates, they are most likely pulling more money out.

But, again, the BRICs output growth amounts to creating the equivalent of another Italy every 12 months. Unless the European environment deteriorates sharply, Europe s travails will not be the main story for the global economy in 2013.

As with CDOs, however, this might be a Pyrrhic victory. The EFSF has bought short term gain in exchange for much larger losses if the situation deteriorates a fiscal crisis in Spain could bring down the entire edifice.

Then, as America heads steadily down the fiscal slope in early 2013, the House Republicans would have a choice. Do they vote, week after week, against tax cuts that would help 100 million Americans, while the economy deteriorates around them?

Europe may be better off with stop gap measures. If confidence in Italy or Spain deteriorates again, the eurozone may have to resort to the traditional bridge between weak credibility and low cost financing a temporary International Monetary Fund style monitored reform program.

First, the US is unlikely to stand by for long if its currency appreciates significantly and its international competitiveness deteriorates substantially. Companies are already reporting earning pressures due to the rising dollar, and some are even asking their governments to play a more forceful role in countering a stealth currency war.

Second, China s foreign assets are denominated almost exclusively in US dollars, while its foreign liabilities are denominated mostly in renminbi. As a result, whenever the US dollar declines, China s net international investment position (the difference between its external financial assets and liabilities) deteriorates and so does its investment income balance.

The Kingdom of Swaziland supports the call for an integrated approach to conflict resolution on our continent, and we also support the idea that the African Union is the organ best suited to mobilizing the efforts of its members, and, most important of all, to undertaking preventive action before a situation deteriorates.

It deteriorates so quickly in the tropics that we've had to put this special vaccine monitor on every single vial so that it will change very quickly when it's exposed to too much heat, and we can tell that it's not a good vaccine to use on a child it's not potent it's not going to protect them.

The bottom line is that deleveraging will ensure that growth will be modest at best in the short and medium term. If Europe deteriorates, or there is gridlock in dealing with America s fiscal cliff at the beginning of 2013 (when tax cuts expire and automatic spending cuts kick in), a major downturn will become far more likely.

The long term unemployed tend to be older the number of unemployed workers aged 50 65 has doubled and those who have been laid off from previous jobs. Faster economic growth and more job openings are less likely to benefit these workers the longer they are unemployed, the more their skills become obsolete and the more their actual or perceived employability deteriorates.

This is important, because, as the economic outlook deteriorates and the Putin regime will no longer be able to satisfy people s economic expectations, it is likely to rely more actively on arbitrary state powers. After all, the Kremlin is occupied not by the cautious bureaucrats of the Soviet era, but by buccaneers who were willing to take risks to get where they are.

But the differences between Russia and China today may prove to be less significant tomorrow if the deterioration in the Middle East imposes a sense of collective responsibility on all five permanent members of the UN Security Council. It is one thing for Russia and China to exploit America s growing difficulties from Gaza to Kabul but it is quite another if the situation deteriorates to the point of general destabilization in the region.

The negative impact of the fall in real estate investment since 2010 has been deeper and longer than expected indeed, almost all categories of imports that fell by 10 or more in August were related to real estate investment. As a result, it is possible that the fall in investment growth will reverse the declining external surplus GDP ratio in 2012, unless the global economy deteriorates further and or the Chinese government launches a new stimulus package.