Economic recession aggravates the situation.

Aware of the impact of the world economic recession on the economy of the British Virgin Islands,

22. As the experience of the previous world recession had shown, stimulating the economic potential of the developing countries could provide the impetus for world economic growth.

The world economy is in recession.

18. Owing to the world recession, the overall level of economic activity declined in financial year 1992 93.

The global economic recession has led to worsening economic and social problems.

China is justly proud of its success in emerging from the world recession with a high rate of economic growth.

Deepening economic recession is bound to catalyze political change.

This, in our view, will help consolidate the world economic order and contribute to the world economic recovery from the recession that is currently wreaking havoc on the economies of the developed countries.

Is the world economy on the brink of recession?

Yes, an American recession might spill over to the rest of the world and cause a worldwide recession.

That may prevent the world economy from falling into recession.

This process, accompanied by economic recession, has generated numerous social conflicts.

Even before the current economic recession, unemployment in the Arab world was estimated at 14 the world s highest average outside sub Saharan Africa.

There has been a prolonged recession in the developed countries which, in turn, has had a negative effect on the world economic situation.

We believe that the prevailing chronic recession in the world has not made it feasible to re examine and redefine our economic priorities.

It s modest at a time when the world is in recession.

Recession insurance might, indeed, help alleviate the economic crisis by reducing uncertainty.

The flows came from industrialized countries that had slipped into economic recession.

We'll see the same thing in the economic recession we're having now.

In 1985 and 1998, Singapore was affected by, respectively, a major economic recession and the Asian economic crisis.

To be sure, the world recession will hit Germany with full force.

Some have sunk into the longest recession since the Second World War.

Australia has not been spared the consequences of the recent world recession.

Indeed, all eurozone members are now experiencing weak economic growth, if not recession.

Noting the negative effects of the world recession on the economy of Bermuda,

MUNICH With the United States teetering into recession, the global economic boom has ended.

Robert S. Lopez has contended that it was a period of deep economic recession.

We know that in periods of economic recession, youth are among the worst hit.

The economic recession has led to the growth of protectionism and declining development assistance.

Since that time, however, the world economic picture had been one of recession, sluggishness and growing unemployment in the industrialized countries and frustration in the developing countries.

Africa has been experiencing a widespread economic crisis of unprecedented severity, the result of a long period of economic recession.

In allying himself with Alemán s forces, Ortega has only bought himself time to work out a response to the approaching economic disaster brought on by the world recession.

WASHINGTON, DC The world is now in the fourth year of the Great Recession.

7. The interdependent world economy continues to be marked by uncertainty, imbalance and recession.

After years of recession and stagnation the world economy has resumed a modest growth.

And what could ultimately arise from this worrying situation is a global recession. A world recession would have disastrous consequences for the economies of developing countries.

We are concerned that if the developed countries are not fully responsive to and supportive of the essential requirements of economic recovery in the Third World countries, the present world economic situation will ultimately lead to a cancerous recession that will affect the whole world and lead to disastrously negative consequences.

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

A US in recession would no longer serve as the world s importer of last resort, which might send the rest of the world into recession as well.

3. Further requests the administering Power and all financial institutions to grant the Territory economic assistance, including concessionary funding, to enable it to mitigate the effects of the world economic recession and to pursue its development programmes

(a) The economic conditions preceding the restructurings were generally characterized by a prolonged period of economic recession, accompanied by high budget deficits

That increase in growth had coincided with a period of economic recession in the developed countries.

Despite an unprecedented global recession, India remained the second fastest growing economy in the world.

Consider the oil crisis that began in November 1973, resulting in a world stock market crash and a sharp world recession.