We are in the midst of one of the worst recessions for many, many years.

我们正处于许多年以来最严重的一次经济衰退。

The current economic downturn is markedly different from previous recessions.

目前的经济衰退和以前的经济衰退明显不同。

While economic recessions hit some sectors hard, others go on like clockwork, or even experience growth.

当经济衰退重创一些行业时，另外一些行业却向上发展，像钟表机构，甚至在经历增长。

Credit busts often beget recessions.

信贷危机常常招致经济衰退。

This is different than other recessions.

这与其他的经济衰退不一样。