Parate (sustantivo, masculino)

[aleCcowaN]

We locally call parate a recession or any deep or lasting slowing-down of the economy. It's a popular term used mostly by those who are not familiar with economic concepts and "jargon". How do the folks call it in English?

[Awaken]

Recession is a pretty common and well known term here even among the uneducated masses, so that is what I would expect most all US English speakings to say, even if they didn't understand how a recession is defined or when it becomes a depression.

[AngelicaDeAlquezar]

In economics technical jargon, there is also "stagnation", when economy has receded and it won't grow for a while.

En México es una recesión o estancamiento. :)

[poli]

Besides recession, economic turndown is one you may hear in English.

The simplest way of saying this is tough times

[JPablo]

This thread reminds me "Groucho y yo" (don't remember the title in English) but it's the autobio by Groucho Marx, and had a good section about the 1929 crisis... The way he explained then, it is still very applicable now... (so if you get the original version of the book, you may get a lot of inspiration...)

The 98 Generation authors would talk about the "marasmo intelectual", but "a complete standstill" may perfectly apply to economic matters...

[aleCcowaN]

Thank you everybody for your suggestions.

Also, what about "a slump"? It's pretty similar to parate when applied to the economy, but, is it 'popular/colloquial' enough?

[Awaken]

Thank you everybody for your suggestions.

Also, what about "a slump"? It's pretty similar to parate when applied to the economy, but, is it 'popular/colloquial' enough?

Slump can be used in a similar way, but I don't hear it as often when referring to the economy as a whole. But it still would sound normal to me.