"What happens if there is a serious economic downturn?"

The central bank moved to lower the rates to near zero last month to avert a serious economic downturn.

But while the pain could well increase this year, it will not lead to a crisis in the absence of a serious economic downturn.

We are facing a serious economic downturn in our nation.

So a serious economic downturn could doom his modernization plans.

What would happen to the bonds, and their owners, if the economy experienced a serious downturn?

In the fall of 2008, the economy suffered its most serious downturn since the Great Depression.

But the national economy took a serious downturn in the first quarter of this year.

Now, only 37 percent foresee a serious downturn by 1990.

Europe is also in the middle of a very serious downturn in the economy.