top button
Flag Notify
    Connect to us
      Facebook Login
      Site Registration

Facebook Login
Site Registration

What is the recession of economy and what is depression?

+1 vote
57 views
What is the recession of economy and what is depression?
posted Mar 8, 2016 by anonymous

Share this question
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

A common rule of thumb for recessions is two quarters of negative GDP growth. On the other hand, whereas a depression is a prolonged period of economic recession marked by a significant decline in income and employment. Depressions are caused by the same factors that lead to a recession.
So in short recession means negative growth rate where as depression means prolonged recession for a significant time.

Example
Recession: 2001, 2008
Depression: 1930

answer Jul 20, 2016 by Shivaranjini
Contact Us
+91 9880187415
sales@queryhome.net
support@queryhome.net
#280, 3rd floor, 5th Main
6th Sector, HSR Layout
Bangalore-560102
Karnataka INDIA.
QUERY HOME
...