Average growth was not very high, but, unlike other regional economies, no sharp recession occurred either.

Roosevelt then cut government spending, and the economy suffered a sharp recession until well into 1938.

A sudden fall in business investment had by then sent the economy into a sharp recession, however.

The sharp recession of 1981-82 proved to be quite harsh on the tin industry.

But its side effects include a sharp recession, a declining living standard and unemployment of one million workers, or 5.5 percent.

The policy, as well as record interest rates, would lead to a sharp recession in the spring of 1980.

The sharp economic recession of the late-2000s brought most development to a halt.

After a sharp recession, a long period of high economic growth without significant inflation ensued.

The economy was generally healthy, apart from a sharp economic recession in 1958.

Average annual growth over the decade was 7.1 per cent, despite a sharp recession in 1985.