IMHO. The world is such a different place than it was in the 1930s. With the communications and resources we have today I think it is not likely we will go into a depression. A recession is widespread economic decline that lasts for at least six months. A depression is a more severe decline that lasts for several years. For example, a recession lasts for 18 months, while the most recent depression ( 1929 ) lasted for a decade. There have been 13 recessions since 1929. We are now in economic crisis with most of the world slowed by the covid 19 situation. It is paramount that this pandemic be controlled before the world attempts to correct the economy. We will suffer a set back, but with the governments of the world working together we can minimized the economic effects of the pandemic and put the economy back on track. Big players that have a lot at stake will do their part. There has been a recession expected in the 8-9 year cycle before the covid 19 crisis, so if we are not already in recession it will come soon. Possibly we may cycle in and out of several recessions in the next few years.