Definitions of depressed:

• adjective:   lower than previously

  Example: "The market is depressed"

• adjective:   flattened downward as if pressed from above or flattened along the dorsal and ventral surfaces
• adjective:   having the central portion lower than the margin

  Example: "A depressed pustule"

• adjective:   low in spirits

  Example: "Depressed by the loss of his job"