Economic Recovery
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An Economic Recovery is a Business Cycle phase in which a macroeconomy regains most macroeconomic measures achieved prior to a recent economic downturn.
- Context:
- It can range from being a Jobfull Economic Recovery to being a Jobless Economic Recovery.
- …
- Counter-Example(s):
- See: Business Cycle, Recession, Gross Domestic Product.
References
2014
- (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/economic_recovery Retrieved:2014-6-9.
- An economic recovery is the phase of the business cycle following a recession, during which an economy regains and exceeds peak employment and output levels achieved prior to downturn. A recovery period is typically characterized by abnormally high levels of growth in real gross domestic product, employment, corporate profits, and other indicators.
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- An economic recovery is the phase of the business cycle following a recession, during which an economy regains and exceeds peak employment and output levels achieved prior to downturn. A recovery period is typically characterized by abnormally high levels of growth in real gross domestic product, employment, corporate profits, and other indicators.