Definition of Economic Recovery

What does the term "economic recovery" mean? What is meant by the term "economic recovery"?

An economic recovery occurs when an economy strengthens after a period of recession. In an economic recovery, various indicators will turn higher, including Gross Domestic Product annualized growth and employment.

Definition of Economic Recovery - IllustrationIn an economic recovery, businesses will see an uptick in demand and will start hiring. People will begin going back to work, confidence will start to increase and consumers will open their purses/wallets more.

Governments will usually try to bring an economy out of a recession by increasing the money supply (through the lowering of interest rates) and increasing spending (on infrastructure programs, etc).

-- Articles That Mention Economic Recovery:

President Obama's Approval Rating Continues To Hover In Low 40s

Larry Summers Withdraws Himself From Fed Chairman Consideration

CBO: "Fiscal Cliff" Would Tip United States Into Recession

Poll: Majority of Americans Believe That Gas Could Top $5/Gallon This Year

Millionaire Surtax Coming?