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经济萧条(英语:economic depression)是在一个或多个经济体在各方面的经济活动持续长期下滑的结果。它比经济衰退更为严重。


  • 持续时间非常长,
  • 失业率异常大幅上升,
  • 信贷可用性下降(通常是由于某种形式的银行业或金融危机),
  • 经济产出大幅减少(由于需求干涸而供应减少,供应商减少生产和投资),
  • 大量破产包括主权债务违约,
  • 贸易和商业(特别是国际贸易)数量显着减少,
  • 高度不稳定的相对货币价值波动(通常是由于货币贬值)。价格通缩,金融危机和银行倒闭是经济萧条的常见因素,却通常不会在经济衰退时出现。
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