Is the Current Economic Downturn/Recession Going To Turn Into a Depression?

Photo by Towfiqu barbhuiya on Unsplash

The economy has slowed considerably this year. This is a fact…whatever label you want to put on it. The only question now is how bad it’s going to get. While one may be tempted to say that this downturn is going to be mild, I think one needs to be cautious about such a prediction.