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What's the difference between a recession and a depression?
January 7, 2009 3:19 am
(@grantbarrett)
Member
Joined: 18 years ago
You Say Recession, I Say Depression. With so many money worries out there, economists say the distinction between a recession and a depression is not worth one thin dime. While the former has a formal definition, the latter is not much more than an “extreme†version of the former.