enter a deep recession

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• recession — noun ADJECTIVE ▪ bad, deep, major, serious, severe, sharp, steep ▪ It was the worst recession since the war. ▪ …   Collocations dictionary

• recession — A temporary downturn in economic activity, usually indicated by two consecutive quarters of a falling GDP. Bloomberg Financial Dictionary * * * recession re‧ces‧sion [rɪˈseʆn] noun [countable, uncountable] ECONOMICS a period of time when an… …   Financial and business terms

• Early 1990s recession — The recession of the early nineteen nineties was an economic recession that hit much of the world in 1990 91.On Black Monday of October 1987 a stock collapse of unprecedented size lopped 22.6 percent off the Dow Jones Industrial Average. The… …   Wikipedia

• cañada — /keuhn yah deuh, yad euh/, n. Chiefly Western U.S. 1. a dry riverbed. 2. a small, deep canyon. [1840 50; < Sp, equiv. to cañ(a) CANE + ada n. suffix] * * * Canada Introduction Canada Background: A land of vast distances and rich natural resources …   Universalium

• Canada — /kan euh deuh/, n. a nation in N North America: a member of the Commonwealth of Nations. 29,123,194; 3,690,410 sq. mi. (9,558,160 sq. km). Cap.: Ottawa. * * * Canada Introduction Canada Background: A land of vast distances and rich natural… …   Universalium

• japan — japanner, n. /jeuh pan /, n., adj., v., japanned, japanning. n. 1. any of various hard, durable, black varnishes, originally from Japan, for coating wood, metal, or other surfaces. 2. work varnished and figured in the Japanese manner. 3. Japans,… …   Universalium

• Japan — /jeuh pan /, n. 1. a constitutional monarchy on a chain of islands off the E coast of Asia: main islands, Hokkaido, Honshu, Kyushu, and Shikoku. 125,716,637; 141,529 sq. mi. (366,560 sq. km). Cap.: Tokyo. Japanese, Nihon, Nippon. 2. Sea of, the… …   Universalium

• Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

• Economic crisis of 2008 — In 2008, the possibility of an economic crisis was suggested by several important indicators of economic downturn worldwide. These included high oil prices, which led to both high food prices (due to a dependence of food production on petroleum,… …   Wikipedia

• Iceland — Icelander /uys lan deuhr, leuhn deuhr/, n. /uys leuhnd/, n. 1. a large island in the N Atlantic between Greenland and Scandinavia. 39,698 sq. mi. (102,820 sq. km). 2. a republic including this island and several smaller islands: formerly Danish;… …   Universalium

• Sweden — /sweed n/, n. a kingdom in N Europe, in the E part of the Scandinavian Peninsula. 8,946,193; 173,732 sq. mi. (449,964 sq. km). Cap.: Stockholm. Swedish, Sverige. * * * Sweden Introduction Sweden Background: A military power during the 17th… …   Universalium