But, some tax-cut proponents will argue, what if right now there is a clear danger of a significant economic contraction?

After its biggest growth in 2010, 2011 saw a significant contraction with just six football clubs continuing their association into the series fourth season.

In the 1990s, Saudi Arabia experienced a significant contraction of oil revenues combined with a high rate of population growth.

Hutton, therefore, was particularly vulnerable to jolts, especially as the brokerage industry braces for a significant contraction.

In a speech to the Transportation Research Board, Mr. Boskin said fourth-quarter figures would show a significant contraction of the gross national product.

By the time the Federal Reserve belatedly tightened monetary policy in 1928, it was too late to avoid a significant economic contraction.

The IHL meanwhile, suffering from significant contraction and challenges in many of its markets, folded in 2001.

After the early-1990s loss of Soviet and Comecon markets, this economy (unused to competing in a free market environment) entered prolonged and significant contraction.

By the time the Fed belatedly tightened in 1928, it was far too late and, in the Austrian view, a significant economic contraction was inevitable.

If they were forced to do so, there could be a significant contraction in consumer credit.