If that were to happen quickly, total spending could decline, pushing the economy into a double dip recession.

Economic growth plummeted from 13 in 1936 to 6 in 1937, and GDP shrank 4.5 in 1938, while unemployment rose from 14 to roughly 20 . Although fiscal policy was not the only cause of the double dip, ill timed retrenchment certainly contributed to it.

Are we facing a long global slump, or possibly even a depression?

In an extended balance sheet recession of this type, unemployment benefits need to be substantial and prolonged.

WASHINGTON, DC American foreign policy stands on the brink of substantial belt tightening.

World monetary conditions seem to point to a protracted period of high liquidity and low international interest rates.

Optimists repeat the refrain that this year is different after a prolonged period of painful deleveraging, the global economy supposedly is on the cusp of stronger growth.

Japan arrested the activists, but deported them soon after, thus avoiding a prolonged confrontation with China.

As no West European state wants welfare immigration, and because they are unable to discriminate between nationals and EU immigrants, they will begin to reduce their services. Europe will enter an extended period of competitive deterrence, during which it will gradually abandon its old social values.

Yet another vacuous budget deal, in conjunction with weaker than expected growth for the US economy for years to come, spells a protracted period of outsize government deficits.

Specifically, any prolonged period of sub 7 growth could encourage opposition and dissent not only in the countryside, but also in urban centers.

Its wages and prices must lag behind its competitors for years, while its economy goes through an extended slump until a new equilibrium is found.

At best, we face a protracted period of anemic, below trend growth in advanced economies as deleveraging by households, financial institutions, and governments starts to feed through to consumption and investment.

At the other end of the economic spectrum, banking practices will one hopes be better regulated, following a prolonged period of stunning financial irresponsibility.

If they double down on status quo policies, their reign will eventually give way to an extended period of populist inspired economic chaos and minority scapegoating.

No such government today, I said, could or would tolerate any prolonged period in which the unemployment rate was kissing 10 and inflation was quiescent without doing something major about it.

As previously indicated (see S 2005 662, paras.

Now more than ever, Germany must be persuaded that without its contribution in reviving growth and correcting external imbalances, the eurozone faces prolonged depression and certain collapse.

This review is a lengthy undertaking that will take several years to complete.

He was not sure that it had. The Committee had certainly discussed at length what was a very delicate issue.

Now, California faces either an embarrassing federal bailout or a prolonged period of rule by judges, who under California law have the power to vacate labor agreements, abrogate contracts, and generally restructure the state s financial commitments.

They love to put them on trial. They've got Milosevic right now.

After much negotiation, Pakistani authorities agreed to a compromise.

I said that I did, but that it was in longhand.

Obtaining approvals is a lengthy process that involves substantial documentation and tedious bureaucratic procedures.

Negotiations with Turkey would be lengthy and accession may not occur before 2015.

These are initially elongated, but quickly develop into a more rounded form.

The adoption of the text was the result of a lengthy negotiation process in which all parties made important concessions.

NEW HAVEN Recent indications of a weakening global economy have led many people to wonder how pervasive poor economic performance will be in the coming years. Are we facing a long global slump, or possibly even a depression?

Similarly, in the US, there is a lengthy list of specific exceptions to the prohibitions.

A companion EP to the single, featuring an acoustic version of the song, was released on 1 June 2012.

Can Russian President Vladimir Putin s regime withstand a prolonged period of low energy prices and Western sanctions? What risks do you see emerging should Russia s economy continue to decline, with Putin increasingly unable to reward his political base?

At the other end of the economic spectrum, banking practices will one hopes be better regulated, following a prolonged period of stunning financial irresponsibility. Clearly, however, nationalization, or a state managed economy, is not in the cards.

BRUSSELS The first decade of this century started with the so called dot com bubble. When it burst, central banks moved aggressively to ease monetary policy in order to prevent a prolonged period of Japanese style slow growth.

They write lengthy disclosure statements that cover every possible use of data so that they cannot be sued.

After some lengthy discussions, it was agreed Ms. Dualeh would be released into the custody of the independent expert.

Issuing an extensive pamphlet providing information on women's rights, services and projects targeted at women and teenage girls.

In 1999, after lengthy consultations, the government of St. Helena issued its strategic review for the period from 2000 to 2010.

As those policies fail, global financial markets are reacting negatively, adding uncertainty to the world economy, and there is little relief in sight, because America is entering a period of prolonged political infighting and stalemate.

Mulk Raj Anand has said that, at the BBC, Orwell could, and would, quote lengthy passages from the Book of Common Prayer.

MILAN The world is facing the prospect of an extended period of weak economic growth. But risk is not fate The best way to avoid such an outcome is to figure out how to channel large pools of savings into productivity enhancing public sector investment.

But the IMF imposed strict austerity on these countries, pushing them into a prolonged depression.

In a lengthy post documenting her feeling of otherness, the blog's author assesses how that otherness affects her treatment on the street as a woman

Resettlement was another important solution for refugees, particularly for the many who lived in limbo in protracted situations.

Subsequent reports should not be unified, in order to avoid the submission of long and complicated documents containing irrelevant information.