We have had ups and downs, but never a serious recession.

As evidence of a serious recession became clear in 1999, the government took a number of steps.

Despite a serious recession, California remains wealthier than many nations.

And a serious recession was almost certainly under way before Sept. 11.

I'm old enough to remember some very serious recessions we've had in the past.

A hundred thousand jobs have been lost, and the economy is facing a serious recession.

Given the most serious recession to hit the country since the 1930's.

You have not understood that this crisis is a very deep, serious recession.

The end of the 18th century saw the first serious recession in the textile trade.

Surprises - perhaps a serious recession - could be in store for us.