What's the difference between an economic recession and a depression? Booms and busts are a regular occurrence—here's how to tell when an economic downturn is serious.

CNBC claims that before 2020, the U.S. economy had entered about 13 major recessions since the Great Depression of the 1930s—the only true “depression” in the country’s history. And now, some argue that the economy of these not-so-roaring 2020s is in danger of repeating history from one hundred years ago.

#depression #recession #explainer

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