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As in 1931 and 2008, a grave financial crisis may cause a large drop in output.
By the fall of 1932 the rocket society was experiencing grave financial difficulties.
In 2007, he was elected Erie County executive, inheriting a government with grave financial problems.
Back then he was also steering Yeshiva through grave financial hardship.
"The entire world economy is falling apart, and many nonprofit theaters are facing grave financial issues.
Napoleon dismissed Barbé-Marbois in 1806 because his excessive advances to contractors in 1805 had caused a grave financial crisis.
Similar(6)
In the 1990s, China dismantled its old "iron rice bowl" system of cradle-to-grave financial support from the state.
Today, amid the wreckage of the gravest financial crisis since the Great Depression, bigness is one of our biggest problems.
Since the funds would lack clear individual property rights, they could give rise to far graver financial scandals than any that have occurred until now.
EVER since the money markets capsized last August, top bankers have criticised Britain's central bank for a tardy and inadequate response to the gravest financial shock since the early 1930s.
Outsize pay on Wall Street, particularly the industry's bonus culture, is widely seen as having encouraged the risk-taking that led to the gravest financial crisis since the Depression.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com