What is the difference between a recession and a depression? Back to list

Member SinceMar 07, 2022

Posts 263

Agaricy96

Nov 25, 2022 a 10:48
A recession is defined as a six-month period of economic decline, whereas a depression is a longer period of economic decline. The Great Depression of the 1930s, for example, lasted the majority of the decade, whereas the Great Recession of 2007-2009 lasted only 18 months.

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