Concept information
Preferred term
economic depression
Type
-
Topic
Definition
-
A multi-year extended period of declining economic growth which is typically seen as being more severe than an economic recession, e.g., gross domestic product declines by more than 10 percent.
Source: NAL Thesaurus Staff
Type: Concept definition
Broader concept
In other languages
-
Spanish
URI
https://lod.nal.usda.gov/nalt/20572
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