If you're confused as me about what a Recession is then read this - http://news.bbc.co.uk/1/hi/business/7495340.stm
Now don't you feel better? I really do think the media has a lot to answer for. It sounds like the economy is driving itself into a recession partly by media attention. Of course environmental concerns (food scacity, resource scacity) are also important factors e.g. cost of food, fuel. The fact is, shit costs more.
I say grow stuff at home, recycle, be careful, save, be sensible, spend, enjoy, get what you need, cut what you don't need, buy a bike, cycle to work, go to the gym, drink less - have a BBQ. Don't worry.