He added that the budget office projections for the next few years did not consider a sharp downturn in the economy.
In May, the last month with figures available, retail trade had its sharpest downturn since the 1980's.
The global financial crisis led to a sharp downturn in 2008.
He will never play a full season and his production will take a sharp downturn in a few years.
As a result, he maintained, "the market is possibly due for a sharp downturn."
In the 1970s, Western economies were suffering a sharp downturn.
I'm afraid that we are on a sharp downturn at the moment.
A sharp new downturn in the housing market could threaten the recovery.
The American economy then took a sharp downturn, lasting for 13 months through most of 1938.
For those reasons and others, stocks have seen a sharp downturn in the last few weeks.