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Old 02-05-2009, 08:12 AM
420SEL 420SEL is offline
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Join Date: Jul 2000
Location: Toronto, CANADA
Posts: 1,193
Looks like the UK is "officially" calling it a depression.

During a heated debate in the House of Commons, British Prime Minister Gordon Brown described the global economic slowdown as a depression, saying countries "should agree on a monetary and fiscal stimulus that will take the world out of depression." A Downing Street official later said Brown meant to say "recession," but the incident prompted widespread speculation on the severity of the U.K.'s economic problems. The Times (London) (05 Feb.)
Jason Priest
1999 E430
1995 E420 - retired
1986 420SEL - retired
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