Search results
Results From The WOW.Com Content Network
An economic recovery is the phase of the business cycle following a recession. The overall business outlook for an industry looks optimistic during the economic recovery phase. During the recovery period, the economy goes through a process of economic adaptation and change to new circumstances, including the reasons that caused the recession in ...
The United States entered a recession in 1990, which lasted 8 months through March 1991. [ 1] Although the recession was mild relative to other post-war recessions, [ 2] it was characterized by a sluggish employment recovery, most commonly referred to as a jobless recovery.
A jobless recovery or jobless growth is an economic phenomenon in which a macroeconomy experiences growth while maintaining or decreasing its level of employment. The term was coined by the economist Nick Perna in the early 1990s.
Research indicates recovery from financial crises can be protracted relative to typical recessions, with lengthy periods of high unemployment and substandard economic growth. [73] [74] Compared against combined financial crises and recessions in other countries, the U.S. employment recovery following the 2007–2009 recession was relatively ...
Capitalism. Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms. There are numerous specific definitions of what ...
Industrialization in the Soviet Union. v. t. e. In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. [ 1][ 2] Recessions generally occur when there is a widespread drop in spending (an adverse demand shock ).
The British Society of Rehabilitation Medicine represents medical professionals involved in vocational rehabilitation services, [36] who are an important part of the rehabilitation process. However, it is widely understood that the responsibility for the success of vocational rehabilitation services is largely with the employer. [ 4 ]
In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output. This slow recovery was due in part to households and financial institutions ...