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A period of recovery from a recession is the phase in which an economy begins to bounce back after experiencing a downturn. During this time, key indicators such as GDP, employment rates, and consumer confidence typically improve, signaling a return to growth. Recovery may involve the stabilization of markets, increased investment, and rising consumer spending, but the pace and sustainability can vary widely based on economic conditions and external factors. This phase is crucial for rebuilding economic momentum and addressing any lingering issues from the recession.

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What come after period of recession in the business cycle?

Recovery


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A period following a boom is known as?

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Recession- A significant decline in activity regarding the economy. A recession usually declines such matters as employment, industrial production, real income, and wholesale-retail trade. A recession is measured in two consecutive terms of negative economic growth by the country's gross domestic product. Recovery- The period, after a recession, of growth due primarily to the utilization of economic capacity which became idle during the recession. Expansion- The period of economic growth after a recovery in which the increase of GDP is due to increases of productivity and addition of new economic capacity, rather than utilization of idle capacity.


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recovery recovery


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One can find the definition of economic recovery at Wikipedia. Economic recovery is a period of increasing business activity that signals the end of a recession. Therefore economic recovery is when economic growth turns from negative to positive.