But if a sharp recession ensues, then confidence in the telecom sector won't return anytime soon.
Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus.
Roosevelt lost further prestige in the summer of 1937, when the nation plunged into a sharp recession.
Before the recent downturn, only once — in early 1980, during a sharp recession accompanied by high inflation — has a majority said their families were worse off financially than they had been a year earlier.
This combination of fiscal and monetary tightening – which conservatives advocate today – brought on a sharp recession beginning in May 1937 and ending in June 1938, according to the National Bureau of Economic Research.
BELGIUM After a sharp recession in the early 1990s, Belgium's recovery now appears to be safely under way, according to the latest country report by the OECD.
Many European countries used incentive programs similar to Spain's to prop up sales in 2009, when Europe suffered a sharp recession.
This reduces the overall level of consumption with further negative consequences for overall output.The result was a rollercoaster ride: a sharp recession in the early 1980s, followed by a recovery when some of the reforms were reversed in the 1981 budget.
The turmoil of the 20th century, the years of stagnation that followed German reunification and then a sharp recession in 2009 have taught Mittelstand companies to be prepared for the worst.
THE public finances and inflation are well under control, the current-account deficit is less than 2% of GDP and, after a sharp recession in 1999, the economy is growing steadily again.
