TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

ECONOMIC DEPRESSION [1 record]

Record 1 2021-05-25

English

Subject field(s)
  • Economic Fluctuations
  • National and International Economics
DEF

A prolonged period of severe recession that is characterized by a decrease in business activity, falling prices and an excessive unemployment rate.

CONT

A recession is a normal part of the business cycle that generally occurs when GDP [gross domestic product] contracts for at least two quarters. A depression, on the other hand, is an extreme fall in economic activity that lasts for years, rather than just several quarters. This makes recessions much more common ...

French

Domaine(s)
  • Fluctuations économiques
  • Économie nationale et internationale
DEF

Période prolongée de récession sévère qui est caractérisée par une baisse des activités commerciales et des prix et par un taux de chômage excessif.

Spanish

Campo(s) temático(s)
  • Fluctuaciones económicas
  • Economía nacional e internacional
DEF

Período de baja actividad económica general, caracterizado por desempleo masivo, deflación, decreciente uso de recursos y bajo nivel de inversiones.

CONT

La depresión se caracteriza por el debilitamiento del poder adquisitivo, el desempleo en masa, la deflación y una reducción sustantiva del producto nacional bruto.

OBS

depresión: término extraído del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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