depression

What is the difference between a recession and a depression?

The terms recession and depression have been spoken about recently because of the economic effects of COVID-19. But what are the difference between the two and how do they both affect the stock market? A recession occurs when there are two consecutive quarters of declining gross domestic product (GDP). The GDP measures the total value of all goods and services an economy has produced. It is one of the economic indicators used to evaluate the health of an economy. A …

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