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.
Broader concept
In other languages
-
Spanish
URI
https://lod.nal.usda.gov/nalt/20572
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An official website of the United States government.