Recession? Depression? What's the difference?
30 October 2008, 05:20 PM
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Recession? Depression? What's the difference?
Recession? Depression? What's the difference between a recession and a depression?
hi found this link informative i liked the bit which says:
A recession is when your neighbor loses his job. A depression is when you lose your job.
hi found this link informative i liked the bit which says:
A recession is when your neighbor loses his job. A depression is when you lose your job.
30 October 2008, 05:27 PM
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A depression is generally considered to be a prolonged recession, itself defined by two successive quarters of negative growth. But i assume yours was a rhetorical question given the link you posted?
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