Even in Japan, however, public spending probably prevented a weak economy from plunging into an actual depression.

There is actual depression in our agricultural industry, while agricultural prosperity is absolutely essential to the general prosperity of the country.

The actual depression will often amount to 10° or 20° and the deposit of dew is occasionally noticed.

Still, he said the Fed continued to believe the economy would skirt outright contraction, and said the prospect of an actual depression was not realistic.