the depths of recession

A general election party in the depths of recession.

Both sides agree, however, that old approaches, like raising taxes, will not sell in the depths of recession.

Argentina is in the depths of recession.

In the depths of recession, we are in a balance of payments deficit.

'And I'm quite proud we are making our mark in the depths of recession - you name an outlet, we've done work for it.'

Several months ago we were in the depths of recession but signs are encouraging that we are moving out of it.'

The June drop, the steepest decline since the depths of recession in mid-1991, came after a 0.8 percent fall in real hourly earnings in May.

In Mensch's theory the cluster of innovations comes in the depths of recession and is sparked by the low level of profits.

France is in the depths of recession so the Burghers of Calais love this influx of free spending English shoppers.

The UK trade deficit of £1 billion plus in the depths of recession is testament to our insatiable appetite for, mainly Japanese, imports.

As the UK construction and property markets continue to struggle in the depths of recession, spare a few thoughts for those 'built - environment' graduates soon to be released into the careers market.

Although we are talking about Russia today, the fact is that one third of the world economy is in the depths of recession, that living standards in the countries concerned are plummeting while unemployment rises.

MICHELIN, the world's largest tyre maker, which sounded a warning of the depths of recession when it plunged £527m into the red last year, yesterday surprised the market with an operating profit throughout 1991.

"The nation is in the depths of recession and on the brink of war, and we maintained our strong health care benefits, protected our pensions and won the highest wage increases in more than a decade," said Teamsters president James Hoffa.

Even in the depths of recession, the closing of steel and textile mills in the 1970's, and the rise of Japan in the 80's, Congress always came to the reluctant conclusion that freer trade benefits more American workers than it harms.

The value of real estate in New York City has fallen for the fourth year in a row, and though the rate of decline has slowed, the figures indicate that the city's economy is only fitfully climbing out of the depths of recession, the city's Department of Finance said yesterday.

Neither rain, nor sleet, nor snow nor the depths of recession seems to shorten the queue of people shivering outside the F.A.O. Schwarz flagship store in Manhattan during the holiday season, awaiting a chance to wander through the closest thing to Santa's workshop south of the North Pole.