A Third of Americans Think Country Is In Depression

One third of Americans believe the country is already in a depression, according to a new USA Today/Gallup poll.

When U.S. adults were asked that question last month, just 12 percent of them said that the country was in a depression.

Economists have yet to declare the country to be in a recession, which is often defined as a decline in the real gross domestic product for two straight quarters. A depression is a sustained recession.

The economy grew at a rate of 2.8 percent in the second quarter.

Tags Business Business cycle Demographics of the United States Depression Economic history Economics Macroeconomics Major depressive disorder Recession Recession shapes Recessions United States housing bubble

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