{"id":9322,"date":"2023-01-12T14:38:38","date_gmt":"2023-01-12T13:38:38","guid":{"rendered":"https:\/\/www.difference101.com\/?p=9322"},"modified":"2023-04-22T02:45:11","modified_gmt":"2023-04-22T00:45:11","slug":"recession-vs-depression","status":"publish","type":"post","link":"https:\/\/www.difference101.com\/recession-vs-depression\/","title":{"rendered":"Recession vs. Depression: What\u2019s The Difference Between Recession And Depression?"},"content":{"rendered":"\n

Recession vs. Depression<\/strong>: An economic downturn is a challenging time for everyone. And almost every one of us has heard the terms recession and depression. These two terms are different from each other in many ways. The main difference between recession and depression is that a recession only lasts for months, while a depression lasts for years. Moreover, depression can be more severe than a recession because a recession only stays in one state or country, but depression has effects worldwide.<\/p>\n\n\n\n

Let\u2019s take a closer look at Depression versus Recession<\/strong><\/p>\n\n\n\n

Time Period<\/strong><\/td>Recession lasts for months, during the depression for years<\/td><\/tr>
Effect on Economy<\/strong><\/td>Both have a sharp, negative effect on the economy<\/td><\/tr>
Occurrence<\/strong><\/td>Depression occurs after long recessions<\/td><\/tr>
Severe<\/strong><\/td>Depression is more severe and lasts longer<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Table of Contents<\/p>\n