European Tribune - Comments - Ireland in freefall: When Recession becomes Depression

Ireland in freefall: When Recession becomes Depression | 37 comments (37 topical, editorial, 0 hidden)

Re: Ireland in freefall: When Recession (4.00 / 2)

Is there a technical definition of "Depression"?

by Metatone (metatone [a|t] gmail (dot) com) on Tue Jul 15th, 2008 at 01:45:49 PM EST

Re: Ireland in freefall: When Recession (none / 1)

A depression is a severe economic downturn that lasts several years - so it is obviously premature to call the Irish recession a depression. However since it is forecast to last 2/3 years it's not that outrageous to use the term in this context. I suspect the word is almost banned in mainstream discourse!

"It's a mystery to me - the game commences, For the usual fee - plus expenses, Confidential information - it's in my diary..."

by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Tue Jul 15th, 2008 at 02:07:41 PM EST
[ Parent ]

Re: Ireland in freefall: When Recession (none / 1)

Good diary, much appreciated!

I can swear there ain't no heaven but I pray there ain't no hell. _ Blood Sweat & Tears

by Gringo (stargazing camel at aoldotcom) on Wed Jul 16th, 2008 at 05:20:41 PM EST
[ Parent ]

Ireland in freefall: When Recession becomes Depression | 37 comments (37 topical, 0 editorial, 0 hidden)

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