The coronavirus recession is an economic recession happening across the world economy in 2020 due to the COVID-19 pandemic. Here's how you say it. Determining what an economic depression is, however, is not so clear. The country was in the grip of (an) economic depression. n. , phr. 22. More workers are laid off due to downsizing, whereas prices generally fall. The fact or action of moving away or back, especially: a. The intensity of these effects increases as the economy sinks into deeper … Find more ways to say depression, along with related words, antonyms and example phrases at, the world's most trusted free thesaurus. It was later renamed "The Long Depression" after the 1929 Depression proved to be more severe, and lasted from 1929-1941 (12 years) until the U.S.A. entered World War … Economic depression is a sustained, long-term downturn in economic activity in one or more economies. Another word for recession. Search economic depression and thousands of other words in English definition and synonym dictionary from Reverso. It was the wealthiest nation in Europe, but the uncontrolled influx of goods and minerals from Spain"s colonies in the Americas resulted in rampant inflation and economic depression . economic-crisis | definition: a long-term economic state characterized by unemployment and low prices and low levels of trade and investment | synonyms: crisis, depression, economic condition, slump| antonyms: noncritical, critical, highland, natural elevation, psychotic depression. That was the Great Depression which lasted for 10 years. Some economic models in the field of behavioural economics assume that self-interested individuals behave altruistically because they get some benefit, or utility, from doing so. economic sustainability. Need to translate "economic depression" to French? The best-known depression was the Great Depression, which affected most national economies in the world throughout the 1930s.This depression is generally considered to have begun with the Wall Street Crash of 1929, and the crisis quickly spread to other national economies. The effects of a depression are much more severe, characterized by widespread unemployment and major pauses in economic activity. Korean Translation. 2 (Commerce) dullness, economic decline, hard or bad times, inactivity, lowness, recession, slump, stagnation. The code for attribution links is required. An economic depression is primarily caused by a worsening consumer confidence that leads to a decrease in demand, eventually resulting in companies going out of business. Another word for recession: depression, drop, decline, credit crunch, slump | Collins English Thesaurus phr. Extra Examples. blahs. Illustration of cloud, economic, text - 142966773 A period during the 1930s when there was a worldwide economic depression and mass unemployment. Depression definition is - an act of depressing or a state of being depressed: such as. Translate: to : Synonyms. economic welfare. the great Depression of the 1930s; He grew up during the Great Depression of the 1930s. phr. inflation. An economic depression is a severe downturn that lasts several years. They all say the same: “A depression is more severe and longer-lasting than a recession.” In a 2008 article about the definition of depression … noncritical critical highland natural elevation psychotic depression. Meanwhile, the global economy gets a downgrade from 2.5% to zero growth for 2020, “which would mark the second-weakest year for the global economy in … Synonyms: depression, slump, pullback… Antonyms: boom, advance, advancement… Find the right word. abjection. periods of severe economic depression ; The housing market has gone into depression. Copy the code below and paste it where you want the visualization of this word to be shown on your page: Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Depression and Manic Depression Prevention Program, Depression and Mood Disorders Association, Depression and Related Affective Disorders Association, Depression and Suicide Awareness Campaign, Depression Awareness, Recognition and Treatment Program. When consumers stop buying products and paying for services, companies will need to make budget cuts, employ fewer workers, and even lay off employees.But let us look more deeply into other factors that lead to economic depression. Top economic depression synonyms (phrases) are clinical depression, low economic activity and economic downturn. The widespread shutdown of the American economy because of the coronavirus could spark a repeat of the Great Depression, former Trump economist Kevin Hassett told CNN on Thursday. Recession: a period of decreased economic activity. economic depression sinônimos. Recessions can also be more localized while depressions can have global reach. Synonyms for Economics depression in Free Thesaurus. Photo about Economic depression word concept on cubes. economic prosperity. Translations. A rose-colored recession reflects the sometimes unwarranted positivity of … English Collins Dictionary - English synonyms & Thesaurus. Encyclopædia Britannica, Inc. crisis depression economic condition slump. Another word for depression. Definition of depression noun in Oxford Advanced Learner's Dictionary. Find more words! Synonyms. Very few sources tell us exactly what a depression is. Economic definition, pertaining to the production, distribution, and use of income, wealth, and commodities.

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