We are likely to go through years of barely any growth, or full-blown recession.
But his administration was beset by inflation and, in 1973, full-blown recession.
Earlier this year, there was a strong feeling among many money managers that the economy might slip into a full-blown recession sometime in 2007.
So the most likely situation is not a full-blown recession (often defined as two consecutive quarters of a shrinking economy).
A full-blown recession is not likely until 1990, the firm said.
Without increases in unemployment, many economists said they do not expect consumer and business spending to fall enough to produce a full-blown recession.
Some museum executives say the news media runs the danger of fanning the downturn into a full-blown recession.
Looks like a market realignment to me, rather than a full-blown recession.
So far, a full-blown recession is not being predicted either for Germany or Europe.
The economy might take off again, but it also might fall into a full-blown recession.