A downturn could lead to severe unemployment, social and political unrest and large-scale emigration.
"We will have inflation, shortages and severe unemployment," he said.
This had lead to severe unemployment with a peak in 1866.
There were also dire predictions that the change would throw at least 100,000 muezzins out of work in a country already suffering severe unemployment.
Despite severe unemployment, Danes still live the good life (great health care, seven months of paid maternity leave, social harmony).
Its closing in the 1970s led to severe unemployment.
It made coping with locally severe unemployment difficult, since only the resources of the rate-paying parishioners could be drawn on.
The entire New York metropolitan region is suffering from severe unemployment and weak overall business activity, to say the least.
Most common crime in South Africa is committed by blacks, who suffer from degrading poverty and severe unemployment.
This year, there will still be severe unemployment throughout the euro area, but we are on the right path towards growth.