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Indeed, the fund was severely hit, at least in terms of its capital value, during the credit crisis in 2008.
"In the short term, the industry was severely hit," said Francesco Frangialli, secretary general of the organization, opening an assembly held every two years.
Blackburn's game against Brighton was called off due to a waterlogged pitch at Ewood Park as the Football League programme was severely hit by postponements.
It was the first time in 12 years that attendance fell below capacity on two consecutive days – the last time was in 2004, which was severely hit by bad weather, resulting in play being held on the middle Sunday.
The country was severely hit by a drastic cutback in recruitment by the South African Chamber of Mines in 1976 and, like Zambia, paid heavily for obeying UN sanctions against Rhodesia and for supporting the liberation movements.
Pingwu County of Sichuan Province was severely hit by the 12 May 2008 Wenchuan Earthquake and experienced widely distributed earthquake-induced landslides.
Similar(49)
Transport has also been severely hit.
Meanwhile, Georgia's once-blossoming tourism industry has been severely hit.
He has been in Leeds talking to people who have been severely hit by the flooding.
The city has been severely hit by flooding over the Christmas period.
Towns such as Longwy were severely hit by steel factory closures.
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