31.   Singapore, though heavily dependent on trade, is unlikely to enter a recession later this year.

32.   The euro fell further after Greenspan said during his Tuesday testimony before the Congress that he did not believe the U.S. economy had entered a recession.

33.   The government was expected to announce Thursday that Malaysia has officially entered a recession, with its economy shrinking for a second straight quarter.

34.   The government on Thursday downgraded its economic assessment for the fifth consecutive month, with an official hinting that the nation might have entered a recession.

35.   The next day, Prime Minister Goh Chok Tong conceded that the country could enter recession if the regional economic crisis deepens or if domestic demand continues to dwindle.

36.   The National Bureau of Economic Research last week confirmed that the country had entered a recession last March, the first downturn in a decade.

37.   Then the world economy slowed, crude prices plummeted and Mexico entered a recession.