The prospective improvement in our external balance is now barely half the size of what would be required to offset the recessionary effects of budget correction.

The hope is to cushion the almost-certain recessionary effects of the package on the Brazilian public by marshaling the multilateral assistance, American officials said.

Japanese Government officials, already concerned about the strong yen's recessionary effect on the economy, issued statements today pledging to stem the dollar's decline.

There are many theories why a financial crisis could have a recessionary effect on the rest of the economy.

And the Gramm-Rudman limit of $64 billion on a 1991 Federal deficit likely to be $160 billion can't be reached without disastrous recessionary effect.

Worse, severe inflationary and recessionary effects around the world eventually will raise questions, as Saddam Hussein is hoping, about the costs of the embargo.

This will help to offset the recessionary effect of Europe.

It seems clear that the recessionary effect of standardisation today rather outweighs the benefits of eliminating internal exchange rates.

Areas of exposure to external events; for example, political instability in foreign markets, currency exposure, recessionary effects and labour disputes.

In the last few days, speculation has intensified over the possibility that Japan would cut its discount rate to counter the recessionary effects of a stronger yen.