James Zaworski asked: An economic recession is defined as two consecutive quarters of no growth in the GDP, or negative growth in the GDP. What is the definition of “Depression”?
Mathew
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Whats the difference between (ecomonic) Depression and Recession. Seeking basic easy to understand definition?What will happen after the US economic recession?How would an economic recession affect sporting events ?Whats the difference between recession and depression?What is the difference between a recession and a depression?What’s the difference between a recession and a depression?What separates an excessive recession from a minor depression?
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on Monday, July 6th, 2009 at 11:13 am and is filed under Finance.
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July 8th, 2009 at 6:08 am
I personally think its pretty easy
All you need to do i change some letters and WHA-LA
July 8th, 2009 at 12:38 pm
When inflation occurs to a certain degree.
July 10th, 2009 at 7:08 am
A depression is when the economy puts on black eyeliner, listens to My Chemical Romance, and cries and cuts itself.
July 13th, 2009 at 10:04 am
i believe when it stars coming out of recession
July 15th, 2009 at 12:39 pm
No recovery whatsoever.
No money
No spending
No jobs
No food
July 16th, 2009 at 3:16 am
that’s EASY, when nuclear war starts
July 17th, 2009 at 2:42 pm
Often, in Canada and the United States, the word “depression” is used interchangeably with “recession”, often to simply indicate a deeper or more serious recession. Some economists require a drop in GDP of 10 percent or more before a recession would be referred to as a depression.
July 20th, 2009 at 5:00 am
That’s interesting I want to see.
My only guess is when it lasts longer than it’s supposed to. I know the normal boom/bust cycle has a recession part, and the whole cycle should theoretically take 20 years for a full cycle. Maybe it’s when the recession part lasts longer than it should. That’s my guess, but don’t get mad if I’m wrong, that’s just my guessing, I really don’t know.
July 20th, 2009 at 9:31 pm
When majority of the higher income people lose money. Usually when 80% of the higher income are all losing money at the same time, that’s when the country is in economic depression because you know the lower income are already losing money because they’re the first one’s to feel the depression. It spirals upward! It’s like the movie the Titanic, the people at the very top of the boat live the longest, they are up on that pole of the boat about to die to the very last moment. LOL It’s the same with the depression.
July 21st, 2009 at 9:29 am
My boss/owner of the company I work for put it to me like this . He said and I quote ” in a recession you lose your job , in a depression I lose mine. God help us.
July 23rd, 2009 at 10:11 pm
I feel the depression now….
July 26th, 2009 at 5:07 pm
u r asking about “Great Depression” it means depression nation wide.
they way how u say it in this Q makes u sounds like ur talking about emotional depression