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Concept information

Preferred term

economic depression  

Definition(s)

  • Depressions, recessions, and stagnations usually originate in the context of a national economy but then affect the global economy as a result of their transnational spread. Growth—an increase in gross domestic product (GDP)—is assumed to be the norm for a healthy economy. [Source: Encyclopedia of Global Studies; Depression, Recession, and Stagnation]

Broader concept(s)

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-CML7WMG6-J

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