In particular, a recession is usually associated with a decline of 2 percent in GDP (see chart). In the case of severe recessions ... with turmoil in financial markets. What about a depression? The ...

A recession is two consecutive quarters of economic contraction, or gross domestic product declining year-over-year (see our explainer on recessions). And a depression is simply a recession with ...

Some worried that the world would relive the Great Depression of the 1930s ... economies are generally back on the fast track they were on before the Great Recession (see Chart 2, right panel). Income ...

The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.

One of the enduring puzzles of the current economic strength is how little impact the Fed’s rate hikes seemed to have caused — not generating the recession or crisis that every previous hiking ...