31. The economy remains weak, though not recessionary , 32. The resulting recessionary local business climate caused many firms to lay off expatriate staff. 33. He said investors are underestimating the recessionary effects of the Asian currency and financial crises. 34. And that is explained entirely by recessionary conditions in 40 percent of the world economy. 35. Our concern is that we have a recessionary environment driven by an overcapacity in production, 36. During recessionary situations, cash is king. 37. And during recessionary weather, it is predictably safe from bankruptcy and volatile economic conditions. 38. However, figures conclusively show that Malaysian companies tend to cut advertising during recessionary times. 39. Lower earnings at exporters could hamper efforts to jump start Japan's recessionary economy. 40. Lower interest rates tend to spur lending and spending in a sluggish or recessionary economy.