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But their version of recession is a total economic collapse. Normally, it involves stuff like money becoming useless, the entire society collapsing, widespread famine, return to bartering etc.
It’s not so sexy if you predict that exporting stuff will slow down instead of stopping completely. In reality, some people will loose their job during a recession, while these predictions usually talk about everyone becoming unemployed and starving in the streets.
It's like they don't notice economic inequality.
A depression, or economic doom, is not evenly distributed.
Some people are already living in doom today. Some people aren't in doom. Some people used to be in doom, but aren't now. Some are sliding into doom; some are climbing further from doom.
It is unlikely that everyone goes to doom all at once, because some people today are much further from doom than others. Most increases in doom will affect those who had already been dipping into doom on a biweekly basis much more than they affect people who have had years of non-doom to secure themselves against doom.
A lot of people can go to doom before much effect on the least-doomed person.
I'm gonna sing the doom song now.