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.

Further reading

Staff, Investopedia (2010-12-22). "Economic Recovery". Investopedia. Retrieved 2018-01-01.

gollark: Presumably, as long as you are already to magically write perfect C code, you won't run into borrow checking issues.
gollark: Well, the under-18 one here, and apparently most run on similar principles.
gollark: You get a bunch of facts you have to memorize, which are never wrong™.
gollark: The education system as currently extant doesn't really teach critical thinking though.
gollark: It selects for it because it's a working strategy, and politicians who say vague meaningless emotive things do better than hypothetical ones who try and just say facts.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.