An economic depression is a severe and prolonged downturn in economic activity, characterized by a significant decline in GDP, high unemployment, and deflation. It is more severe than a recession, with a longer duration and a deeper impact on the economy. Understanding the difference between recessions and depressions is crucial for investors and policymakers. Learn about the causes, effects, and potential future scenarios, such as a 1929-like depression by 2025, from expert Simon Hunt.