The Russian economy has been shrinking throughout the 1990's in one of the most painful and prolonged recessions ever suffered by an industrialized nation.

The result was a painful recession that has thrown hundreds of thousands of people out of work.

About 8,000 to 10,000 well-paying jobs will evaporate just as the Southern California economy is emerging from a painful recession.

In addition, the failures in Texas compounded that state's painful recession after the decline of oil prices.

Communism A serious financial crisis and a long and painful recession 1929 all over again The end of private mortages 2.

We've endured a long and painful recession.

Economists are predicting a painful recession this year, with the economy shrinking 6 to 8 percent.

But these figures do suggest that at a time when we're heading into a painful recession, many people are still seeing their living standards falling.

On top of that, the U.S. dealt with a painful recession in 1937 and 1938 which temporarily brought economic recovery to a halt.

His vision prevailed at the depth of a painful recession, with an office-leasing market to match.