But the price of less Government spending has been a severe recession.

The 1980s was a period of severe recession in Ireland.

The Indian economy during the period was passing through a severe recession.

In a severe economic recession virtually all taxes are likely to be hard hit.

It has been a severe recession for the construction industry.

This time, after a year of severe recession, the Mexican economy started to grow again.

That happened late in 1982, as the nation was coming out of a severe recession.

But wealth has not kept it out of a severe recession.

Japanese economic growth was poor at best during the period, and now the country is in a severe recession.

As the news media have reported for months, much of the country is in a severe recession.