Business & Finance

Recession to Depression

When does recession change to depression. What is the difference.

coco pops Mon 06/10/08 12:41

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jno
Mon 06/10/08
12:43

old definition: recession is when your neighbour loses his home, depression is when you lose yours.

jno
Mon 06/10/08
12:44

http://economics.about.com/cs/businesscycles/a /depressions.htm

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