Economic depression is a term that is typically used to describe a severe and prolonged economic downturn. Some synonyms for economic depression include recession, slump, downturn, decline, and bust. These terms all refer to a significant decline in economic growth, with widespread unemployment and declining economic activity. Other synonyms for economic depression may include terms like financial crisis, economic collapse, or even a stock market crash. Regardless of the term used, economic depressions are challenging times that require significant effort and cooperation from individuals, organizations, and governments alike to recover from and move forward.