Recession

A recession is like a not-quite-as-bad version of a depression. We're talking an economic crisis that lasts six months or more: People lose their jobs and homes, fewer jobs are created, businesses shut down, and the economy doesn't grow.

Usually, once a recession sees sales drop by over 10%, economists start calling the recession a depression.

For a recent example of recession, take your DeLorean back to 2008.