A Recession is technically defined as two consecutive quarters of shrinking economic output.
While I know of no definition of a depression, I hear that it is commonally understood as a prolonged recession.
With that stated, how many of you believe that the said 'Depression" is already here, I do not mean the now common euphemism of 'Inflationary Recession', I mean a real Depression.

In addition, would appreciate a comment about how you feel it will affect ECU in the short and long term.

Ed G.