21.   An economic downturn and the sag in stock markets in turn depressed interest in mergers, acquisitions and initial public offerings.

22.   An economic downturn, especially one that resulted in significant losses of jobs, could be devastating.

23.   And because welfare policies are compromises that try to accommodate these conflicting goals, researchers agree that an economic downturn will change the politics of welfare anew.

24.   And by now, for this nation trapped in a self-induced economic downturn since last October, a moderate devaluation of the currency is also likely in store.

25.   And even if it was not, he argued that cutting federal spending now might only prolong the economic downturn.

26.   And even people who shun new issues because they fear an economic downturn might want to own these shares, which seem recession-resistant.

27.   And it is particularly painful coming as it has during a sharp economic downturn that has slowed several regional economies.

28.   And he said the cap would include provisions to soften the blow to states in case of major population increases or economic downturns.

29.   And in an economic downturn, he would favor deficit spending, he said.

30.   And private school application numbers in this region held up last fall despite the economic downturn.