2024年9月8日 · An economic depression is a steep and sustained drop in economic activity featuring high unemployment and negative GDP growth.

2023年12月8日 · What Is an Economic Depression? An economic depression is a period of sharp and sustained decline in economic activity that typically includes negative gross domestic product...

An economic depression is primarily caused by worsening consumer confidence that leads to a decrease in demand, eventually resulting in companies going out of business. When consumers stop buying products and paying for services, companies need to make budget cuts, including employing fewer workers.

A depression means the economy experiences a significant fall in output, higher unemployment and disruption to normal economic activity. It is a deep and prolonged form of a recession (negative economic growth)

2024年8月22日 · In the most basic of definitions, an economic depression is a severe form of recession that is prolonged over many years and causes a decline in gross domestic product (GDP) of at least...

An economic depression is a period of carried long-term economic downturn that is the result of lowered economic activity in one or more major national economies.

An economic depression is a severe economic downturn that lasts for many years. It is more severe than a recession and much longer-lasting.

Depression, in economics, a major downturn in the business cycle characterized by sharp and sustained declines in economic activity; high rates of unemployment, poverty, and homelessness; massive declines in stock markets, and great reductions in …

2024年10月31日 · An economic depression is a downturn in the economy. It’s a period where economic activity suddenly declines. Unemployment skyrockets and production slows down. Although a depression shares some similarities with a recession, it lasts longer and has more devastating results.

2021年3月4日 · An economic depression is an extremely severe, long-term contraction in economic activity. In a depression, GDP annual falls more than 5% and unemployment is in the double digits. The 10-year Great Depression was the world's only depression.