Conference Paper

There are serious reasons to believe that the slack in the US economy began some time ago, but it would not be correct to call this slack a recession, as this word is usually used for the definition of cyclic processes in the economy and the contemporary depression has a strong structural character. It is already impossible to stop this crisis – as demand falling, either inflationary, or resource (refusal of emission) will proceed. Thus the scale of structural falling will make at least 25% of present gross national product of the USA (it is already scale of "Great" depression), and it will be followed by depressive falling volume of which can be estimated by Russian experience of the beginning of 90s and the USA beginning of 30s of the last century, which makes 30‐40% from gross national product, but already reduced.