31.   In the event of a severe recession, the company is allowed to discuss factory closings with the unions.

32.   Latin American economies remain troubled, with Brazil in a severe recession.

33.   Now they are in the midst of a severe economic recession.

34.   Perhaps a severe recession is coming, one that will send default rates on junk higher than ever before.

35.   Recent statistics show Mexico slowly emerging from the severe recession.

36.   Ronald Reagan took a severe recession early in his first term, but the economy was doing well by the time he faced re-election.

37.   Severe recessions have resulted, forcing the IMF to be less stringent.

38.   So much for the direct effect on the other rich economies of a severe Japanese recession.

39.   The country was still reeling from Watergate and struggling to recover from a severe economic recession.

40.   The devaluation spurred a severe recession, which drastically cut the market for U.S. imports.