1.   A few years hence, the nation experiences a severe economic downturn.

2.   And it is fertile soil for a severe economic downturn in the post-cold war world economy.

3.   They predicted a severe economic downturn.

4.   And the airline and travel industries also are experiencing a severe downturn, because many consumers are afraid to board planes.

5.   Almost immediately after the new contract was signed, the airline industry recovered from a severe downturn.

6.   Airlines have high fixed costs and relatively little cash to cushion them through a severe downturn in passenger demand.

7.   But experts said the increases would be balanced by reduced fares brought on by the severe downturn in business travel.

8.   But the resilient Nikkei masked a severe downturn in the island country.

9.   But the truth is that neither portfolio has weathered a severe downturn, so the jury is still out to some degree.

10.   Certainly Japan does not have the feel of a country in a severe downturn.