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