The country was in the grip of (an) economic depression.

当时国家处于经济萧条期。

Foreign currency depreciation is a result of economic depression in the country concerned.

外汇贬值是有关国家经济不景气的结果。

Most of employers are planning to cut down on wages instead of laying off employees in response to the economic depression.

为了应对经济萧条，大多数雇主正计划降低工资，而不是裁员。

Inflationis a harbinger of economic depression.

通货膨胀是经济衰退的预兆。

Many people lost their jobs because of the economic depression.

由于经济萧条，许多人失业了。