Icelandic for Depression

I read in a newspaper (yes, paper) today that the Icelandic stock market lost 94% in 2008. It also said that, in Iceland, car sales for Q1 2009 were down 92% year-to-year, the krona had lost half its value and foreign travel was down 40%. The article's conclusion was that, as bad as these numbers were, the only way they could go was down.

Now that's what I would call a DEPRESSION. It even puts the Great Depression to shame. By the way, I believe the word is "kreppa".