Recession Depression

In economics, a recession depression is often defined as an extreme recession that lasts two or more years. A depression is characterized by economic factors like substantial increases throughout unemployment, a decline in available credit ratings, diminishing output, bankruptcies as well as sovereign debt fails, reduced trade as well as commerce and suffered volatility in foreign exchange values. A recession depression is usually a sustained and severe recession. Where a recession is usually a normal section of the business cycle, lasting for a period of several weeks, a depression is usually an extreme fall throughout economic activity lasting for assorted years.