Economic recovery

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 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.

A "Project funded by The American Recovery and Reinvestment Act" project sign

This is a turning point from contraction to expansion and often results in an increase in consumer confidence.

The United States experienced an economic recovery following the 2008 Great Recession. The country's inflation-adjusted median income has not dramatically changed since the end of the presidency of Lyndon Johnson.

Recessions in the United States and United Kingdom
Balance sheet recession Business cycle Chronic inflation Deflation Depression Disinflation Economic expansion U.S. expansions Economic recovery General glut Global recession Inflation Recession Recession shapes Rolling recession Shock Demand Supply Stagflation Yield curve
Commercial Revolution (1000–1760)	Great Slump (1430–1490) Great Frost of 1709
1st Industrial Revolution (1760–1840)	1785–1788 Copper Panic of 1789 (1789–1793) Panic of 1796–1797 (1796–1799) 1802–1804 1807–1810 1812 Post-Napoleonic depression (1815–1821) 1822–23 Panic of 1825 (1825–1826) 1828–29 1833–34 Panic of 1837 (1836–1838 and 1839–1843)
1840–1870	1845–46 Panic of 1847 (1847–1848) 1853–54 Panic of 1857 (1857–1858) Panic of 1866 (1865–1867) Black Friday (1869–1870)
2nd Industrial Revolution (1870–1914)	Long Depression (1873–1879) Depression of 1882–1885 1887–88 Baring crisis (1890–1891) Panic of 1893 (1893–1897) 1899–1900 Panic of 1901 (1902–1904) Panic of 1907 (1907–1908) Panic of 1910–1911 (1910–1912) 1913–14
Interwar period (1918–1939)	Post–World War I recession (1918–1919) Depression of 1920–1921 1923–1924 1926–1927 Great Depression (1929–1933) Recession of 1937–1938
Post–WWII expansion (1945–1973)	1945 Recession of 1949 (1948–1949) Recession of 1953 (1953–1954) Recession of 1958 (1957–1958) Recession of 1960–1961 Recession of 1969–1970
Great Inflation (1973–1982)	1973–1975 recession Early 1980s recession (1980–1982)
Great Moderation (1982–2007)	Early 1990s recession (1990–1991) Early 2000s recession (2001)
2007–present	Great Recession (2007–2009) COVID-19 recession (2020–present)

Economic recovery

Further reading