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.
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