The central theme of The Recession of New Year's Eve is material and spiritual impoverishment. The selebration of New Year@s Eve in consumer societies is a festival of bad taste, as well as a race for food and gifts which are often there to fill emptiness with meaning.It also represents a consumerist explosion as a reaction to the oppresions of the capitalist life- style. The performance examines the influence of the recession on the habits of New Year's Eve celebrations.

The performance "The Recession of New Year's Eve" is a continuation of the performance "The Depression of the New Year's Eve".

The performance took place on 30.12.2008 on the platform in front of the Cultural Center Tocka in Skopje