RECESSION: Mild decline in the economy.
DEPRESSION: Major decline in the economy...dep-ends on where you're sitting:

https://m.economictimes.com/news/international/us/us-in-for-a-recession-fed-too-late-in-cutting-rates-says-research-firm-bca/articleshow/113137807.cms
RECESSION: Mild decline in the economy. DEPRESSION: Major decline in the economy...dep-ends on where you're sitting: https://m.economictimes.com/news/international/us/us-in-for-a-recession-fed-too-late-in-cutting-rates-says-research-firm-bca/articleshow/113137807.cms
M.ECONOMICTIMES.COM
US in for a recession, Fed too late in cutting rates, says research firm BCA
The US recession is currently in a fragile situation, according to various research firms, which are reporting that the Fed is simply too late in cutting the interest rates. The stock market slowdown trend is becoming a harsh reality for the last few weeks and things are looking much more complicated than it did a few months ago, suggest reports.
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