poor outlook

Reviving home sales is key to a recovery, developers said, but buyer sentiment is at the lowest level they have ever seen due to the poor outlook for both the sector and the broader economy, which tipped into deflation in July.

Carsten Brzeski, chief economist at ING, pointed to a "toxic combination" of poor outlook, thin order books and the need to build up inventories further, as well as structural factors such as the war in Ukraine and the transition towards cleaner energy.

Jay Hesse, the Nez Perce director of biological services, illustrated the poor outlook for Snake salmon by pouring a few drops of the water from one pitcher into an empty jar during a video-conference meeting led by the Salmon Orca Project earlier this year.

This points to a poor outlook for earnings and equity performance, even if some investors say this is the perfect set-up for a contrarian bullish investment strategy.

Fears about the impact kept prices elevated, and even increased them from late September through October, despite the increasingly poor outlook for the economy.