With fiscal space much more restricted, and in a context where external financing may well not be available, governments may be forced to cut deeply into spending.

The recession of the early 1980s cut deeply into profits, leading to the re-organization or closure of several manufacturers.

Stream channels are common, and in most cases, have cut deeply into the hills.

Many of the millionaires she had carried over the years had been financially destroyed and the general downturn in business cut deeply into transatlantic travel.

A year later, the networks realized how successful they could be syndicating reruns of their previous hits, a move that cut deeply into the first-run syndication market.