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Economics vocabulary · GDP and Growth

Recovery

Meaning in economics, with examples

nounCore term

In economics, recovery means: The period after a recession or crisis when output, jobs and incomes start to grow again and move back towards their earlier level.

In Turkish: toparlanma, iyileşme, canlanma

How it is used

Recoveries can be strong, slow, fragile, uneven or jobless. The news describes them with letter shapes: a V-shaped recovery (fast), a U-shaped one (slower) or a K-shaped one (some groups recover, others do not). The verb is recover.

Example sentences

  1. The recovery has been uneven: services have bounced back, but manufacturing is still weak.

  2. The economy took four years to recover its pre-crisis level of output.

Common collocations

  • economic recovery
  • a strong recovery
  • a fragile recovery
  • V-shaped recovery
  • slow recovery
  • recessionA significant fall in economic activity lasting months, with falling output, income and jobs; often defined as two quarters in a row of shrinking GDP.
  • downturnA period when economic activity, sales or prices fall or grow much more slowly; a general word that may or may not mean a full recession.
  • business cycleThe repeated pattern of ups and downs in economic activity, moving from expansion to a peak, then to contraction and a low point, and back to recovery.
  • stimulusExtra government spending, tax cuts or central bank support designed to increase demand and lift a weak economy.
  • pick upTo increase or improve after a slow or weak period, as when growth, demand, sales or inflation start to rise again.

This word in other fields

The same English word can have a different meaning in another field:

More terms: GDP and Growth

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This page explains English vocabulary for learners. It is not financial advice.