Recession vs. Depression

Recession vs. Depression

Recession (noun) is

1. a period of poor economic performance of a nation or state, technically defined by a fall in Gross Domestic Product for two consecutive quarters, or

2. the act of receding or moving away from a reference point.

Examples:

1. "During my father's life, he has unfortunately experienced two brief recessions."

2. "While in a state of recession, it is best not to overextend yourself with credit."

Depression (noun) is

1. a severe and long-lasting economic downturn, sometimes formally defined as a severe recession lasting two or more years, or a decline in Gross Domestic Product greater than 10%, also

2. in psychology, a state of severe mental and emotional despondency,

3. an act of downward pressure on something,

4. a pressed-down or dimpled segment of a surface.

Examples:

1. "Many of our grandparents tell us woeful stories about life during the Great Depression."

2. "I've been so sad and lethargic that my friend thinks I'm suffering from depression."

*Tip/Hint: A depression is a longer term of economic hardship than a recession.

Let's use both recession and depression together in a sentence:

"If a recession lasts too long, it may turn into a depression, affecting more nations than just one."

Related Links:
Difference between Words
Science Related Words Difference and Comparison
Difference Between Words
The Great Depression Facts










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