Economic Recession - Current Financial Crisis and Economic Depression

What is a recession? Economic Recession is a financial meltdown, which can last for a period of few months to couple of years and can affect regional or world economy, leading to financial crisis, market crash, unemployment and economic depression. A long lasting impact of economic recession can lead to economic depression. This section provides articles and news on subprime mortgage crisis, credit crunch, current economic crisis, stock market crash, financial bailout, major causes of economic recession, signs of economic depression, US economic recession history, and recession cycle.