The phrase "grave recession" is correct and usable in written English
It can be used to describe a severe economic downturn or decline in economic activity.
Example: "The country is facing a grave recession, leading to widespread unemployment and business closures."
Alternatives: "severe recession" or "serious recession."
Since the outset of his presidency, Mr. Obama has lamented that he inherited two unfinished wars and an economy in grave recession -- a not-so-subtle dig at Mr. Bush, even if Mr. Obama rarely mentions him by name.
While that's positive, it occurred during a time of economic expansion nationally, not during the grave recession President Obama inherited.
Yet, Washington's lack of focus on the "awful magnitude" of this Grave Recession means any initiatives this year -- or even next -- will be "fatally tardy and inadequate".
One reason is that the economy has been spared the wild GDP boom that preceded the downturns of the mid-1970s and early 1990s.That supports forecasts that this downturn will be less grave than previous recessions.
Today's recession is grave but in sparing the banks, however undeserving, governments spared their citizens from something worse at least so far.If a rescue makes sense, what sort?
Having survived numerous attempts at prohibition and outlasted its brethren in the suburbs of Chicago and New Jersey, the bar car out of Grand Central Terminal is now facing its gravest threat: the great recession.
Even as the broader real estate market languished in the recession, prices for graves in the city continued skyward.
Israel's probable new prime minister, Binyamin Netanyahu, has said a nuclear Iran poses a far graver threat than the global recession.So Barack Obama and his new team he has now appointed special envoys to deal with both Iran and North Korea don't have much time to show that their promised readiness to talk directly to Iran can produce results.
But the credit squeeze now in train following the recent banking panic is of a different order of magnitude.That is why some economists reckon the recession is likely to be grave rather than mild.
And we must not be led for a single moment to believe that such standards have suffered any grave, enduring damage through the temporary business recession that had its beginning last October.
Robert Chote, the OBR chairman, is expected to say that the recession was caused by such a grave financial crisis that it will take the British economy much longer to recover and that the slow rate of recovery is now structural.
