11.   As the dissatisfaction has grown, the government has vacillated between cutting spending for job programs and expanding them to alleviate the severe recession.

12.   At so high a level, Sachs argues, economic activity is discouraged and the already sluggish Brazilian economy will soon find itself in a severe recession.

13.   At that point, the prices fetched at art auctions nosedived amid a severe recession in the U.S.

14.   Barring a severe recession, they will not have credit problems.

15.   -- Thailand and South Korea have sunk into severe recessions despite IMF bailouts, with no recovery in sight.

16.   A higher risk premium makes sense, given the possibility of a severe recession or wider war, Dudley said.

17.   A Mideast war brought on an oil price shock and a severe recession.

18.   A premium for safer investments makes sense, given the possibility of a severe recession, Dudley said.

19.   But a decade ago, the state was in the throes of a severe recession.

20.   But overlaid on these long-term difficulties is a severe recession.