[ Money / Invest ] - ID: 30976 "A recession is defined as two consecutive negative quarters of economic growth, a fall in real gross domestic product. Even a modest fall of 0.1 percentage points each quarter can have dire consequences for an economy. A depression, on the other hand, is an economic slump of 10 percentage points or an economic contraction that lasts three years or more. For now, at least, it appears the world is not entering another Great Depression. Another definition of a recession, according to ANZ chief economist Saul Eslake, is a spike in unemployment of at least 1.5 percentage points in 12 months or less... A recent paper by Eslake recalls another joke used by Ronald Reagan in the 1980 US presidential campaign: 'A recession is when your neighbour loses his jo Author's Info on Wikipedia Author on ebay Author on Amazon More Quotes by this Author Start Searching Amazon for Gifts [ Money / Invest ] - ID: 30976 "A recession is defined as two consecutive negative quarters of economic growth, a fall in real gross domestic product. Even a modest fall of 0.1 percentage points each quarter can have dire consequences for an economy. A depression, on the other hand, is an economic slump of 10 percentage points or an economic contraction that lasts three years or more. For now, at least, it appears the world is not entering another Great Depression. Another definition of a recession, according to ANZ chief economist Saul Eslake, is a spike in unemployment of at least 1.5 percentage points in 12 months or less... A recent paper by Eslake recalls another joke used by Ronald Reagan in the 1980 US presidential campaign: 'A recession is when your neighbour loses his jo&theme=ont class=sampleQuote>[ Money / Invest ] - ID: 30976 "A recession is defined as two consecutive negative quarters of economic growth, a fall in real gross domestic product. Even a modest fall of 0.1 percentage points each quarter can have dire consequences for an economy. A depression, on the other hand, is an economic slump of 10 percentage points or an economic contraction that lasts three years or more. For now, at least, it appears the world is not entering another Great Depression. Another definition of a recession, according to ANZ chief economist Saul Eslake, is a spike in unemployment of at least 1.5 percentage points in 12 months or less... A recent paper by Eslake recalls another joke used by Ronald Reagan in the 1980 US presidential campaign: 'A recession is when your neighbour loses his jo" TARGET="_top">Send as Free eCard