de·pres·sion /dəˈpreSH(ə)n/
noun
1.
feelings of severe despondency and dejection.
"self-doubt creeps in and that swiftly turns to depression"
2.
a long and severe recession in an economy or market.
"the depression in the housing market"
synonyms: recession, slump, decline, downturn, standstill; stagnation; the Great Depression; stagflation
"an economic depression"