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A depression is a long-term period of severe economic downturn.
Several economists have pointed out that government intervention may be the only way to prevent the current recession from snowballing into a depression.
Depression is part of the business cycle and is more serious than a recession (which usually precedes a depression). There are various conflicting definitions of how long and how severe a period of economic downturn must be to constitute a depression, although generally it is measured in years. Depressions are also accompanied by deflation and high unemployment, which impede economic recovery. Common examples of depressions are The Great Depression in the 1930s and the current Greek Depression.
Deprese je dlouhé období vážného ekonomického poklesu.
Několik ekonomů podotklo, že zásah vlády může být jediným způsobem, jak zabránit aktuální recesi, aby se rozvinula v depresi.
Deprese je součástí hospodářského cyklu a je vážnější než recese (která obvykle depresi předchází). Existují různé protichůdné definice toho, jak dlouhý a jak vážný musí hospodářský pokles být, aby tvořil depresi, ale obecně se měří v letech. Deprese jsou také doprovázeny deflací a vysokou nezaměstnaností, což brání ekonomickému zotavení. Běžné příklady depresí jsou Velká deprese v 30. letech a současná řecká deprese.
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English Editorial Services’ mission is to assist international businesses and organizations of all sizes to communicate clearly, correctly, and persuasively with their business partners and target audiences.
Simply subscribe to receive our Business Term of the Day at no charge to your inbox each business day, with explanation in English and Czech.
