In 1992, Finland was hit by a severe recession, the early 1990s recession in Finland.

So we now have recession, a severe financial crisis, and a severe banking crisis in the advanced economies.

The effects of this recession will be particularly severe in Latin America.

While a global recession will be averted, a severe growth slowdown will not.

While a global recession will be averted, a severe growth slowdown will not. Many European economies are already slowing, with some entering recession.

The phrase Great Recession creates the impression that the economy is following the contours of a typical recession, only more severe something like a really bad cold.

In the early 1990 s, when California had a more severe recession, people sought jobs in neighboring states.

True, the first year of the Great Recession was more severe than the first year of the Great Depression.

The European Union s economy is sliding into a severe and, in all likelihood, long lasting recession, largely self inflicted.

But if nominal interest rates stay positive, while inflation is negative, then real interest rates may become too high for an economy in recession, causing recession to become more severe and prolonged.

Recession.

America s financial crisis has triggered a severe credit crunch that is making the US recession worse, while the deepening recession is leading to larger losses in financial markets thus undermining the wider economy.

And the policy challenges are daunting the eurozone s recession is deepening as front loaded fiscal consolidation and severe credit rationing continues.

Indeed, history suggests that severe recession and socialization of private losses often lead to an unsustainable build up of public debt.

And the policy challenges are daunting the eurozone s recession is deepening as front loaded fiscal consolidation and severe credit rationing continues.

It's like a recession. So, there's a recession.

The spread of bankruptcies triggered a severe credit crunch, which triggered a deep recession and with it a brutal rise in unemployment.

The only other way to achieve depreciation in real terms is through massive deflation of domestic prices, coupled with a severe recession.

20. That was illustrated by the fact that, in the industrialized and developing countries alike, the recession had had severe social repercussions.

Imagining Recession

So, while the US may technically be close to the end of a severe recession, most of America is facing a near depression.

Now, the recession.

The first eleven months of the recession that followed were as severe as the first eleven months of the Great Depression that started in 1929.

A disorderly rush to the exit could lead to a dollar collapse, a spike in long term interest rates, and a severe double dip recession.

Nevertheless, the risk of a severe recession and of a serious banking and financial crisis will ultimately force all G7 central banks to cut rates.

But, in the face of a severe recession and endless real wars, hot button culture war issues don t have the mobilizing power that they once did.

The global recession of the past few years has brought severe hardship to many of the poorest countries and especially to the poorest within these countries.

The recession was inevitable.

Now recession looks certain.

It's like a recession.

So, there's a recession.

So the end of this severe global recession will be closer at the end of this year than it is now, the recovery will be anemic rather than robust in advanced economies, and there is a rising risk of a double dip recession.

Among economists there is a strong feeling that the world economy is bouncing back from deep recession, and that the current crisis, although severe, is an aberration.

The only reason the US trade deficit is falling is that the country remains in a severe recession, causing US imports and exports to collapse in parallel.

You've got severe, severe drought in Africa.

Unfortunately, the Great Recession of 2008 2009 is far from being a normal global recession.

Contractionary policies only exacerbate recession.

Now, A World in Recession

The Shape of America s Recession

Economic recession aggravates the situation.

NEW YORK The latest macroeconomic news from the United States, other advanced economies, and emerging markets confirms that the global economy will face a severe recession in 2009.

In the early 1990 s, when California had a more severe recession, people sought jobs in neighboring states. Labor migration operated as a safety valve against even worse unemployment.

NEW YORK It is widely agreed that a series of collapsing housing market bubbles triggered the global financial crisis of 2008 2009, along with the severe recession that followed.

Nevertheless, the risk of a severe recession and of a serious banking and financial crisis will ultimately force all G7 central banks to cut rates. The problem is that, especially outside the US, this monetary loosening will occur only when the G7 and global recession become entrenched.

Severe Sentences