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Japan, in particular, is in trouble, with economists projecting the first quarter of this year would show another deep contraction.
Because of population increases, with the exception of periods of deep contraction, there is almost always a record number of people in work.
Our findings mirror those of other recent surveys, suggesting there will be further deep contraction in UK economic output in coming months".
Anthony Valeri, an investment strategist for fixed income at LPL Financial, said the latest data pointed to a "deep contraction" in the European economy.
Indeed, the broad consensus is that Ukraine's economy is likely to experience a deep contraction in 2014 (e.g., the IMF projects a more than six percent decline in real GDP).
"The Spanish economy is immersed in a period of deep contraction, where the unemployment rate, unless measures are taken, will rise to a very worrying level," the Bank of Spain's governor, Miguel Ángel Fernández Ordóñez, said Friday, according to Reuters.
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Christina Ilisije performs an angst-ridden solo full of deep contractions and sharp inhalations of breath.
Contrasting deep contractions of her torso with rigid arms and spiky elbows, she created images full of pain and suffering in not-so-subtle terms.
From a contained fifth position, they stretch their arms and legs, landing on their heels (to show life), or travel across the stage in deep contractions with a flexed foot pushed forward and hands pressing into a hip.
Then, there were long and deep contractions from significant and sustained policy mistakes at the beginning of the Depression.
Out year deficits are higher than originally projected due to deeper contraction this year and shallower expected recovery.
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