Enjoying the JourneySpotlight Post: Recessions and Depressions
November 9th 2008 06:00
Morgan Bell wrote on CurrentBusinessNews.net . . .
Recessions and Depressions
A depression is any economic downturn where real GDP declines by more than 10 percent.
A recession is an economic downturn that is less severe. As a rule of thumb recessions are often declared after two consecutive quarters of negative growth (or contraction) of gross domestic product (GDP).
The last depression in the United States was from May 1937 to June 1938, where real GDP declined by 18.2 percent.
Click here to read this post in its entirety.
Recessions and Depressions
A depression is any economic downturn where real GDP declines by more than 10 percent.
A recession is an economic downturn that is less severe. As a rule of thumb recessions are often declared after two consecutive quarters of negative growth (or contraction) of gross domestic product (GDP).
The last depression in the United States was from May 1937 to June 1938, where real GDP declined by 18.2 percent.
Click here to read this post in its entirety.
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