That would, without question, lead to a deep global recession in 2012.

Having said all that, I still don't buy the idea of a global recession in 2012.

This global recession had been in the making for some time.

Due to the global recession they are available at a low price.

At this time of global recession, that may not be easy.

But they also came at a time when there was talk of the first global recession in a quarter century.

The result is likely to be a deeper and longer global recession than we had expected.

No one wants a strong currency in the face of a global recession.

Much in the price already for the risk of global recession and high margins.

However, in the early 1990s Spain, like most other countries, was hit by the global recession.