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Growth Recession |
Also found in: Wikipedia | 0.03 sec. |
Growth Recession An economy in which GDP growth is occurring but unemployment is high. A growth recession can be politically complicated, as politicians either must convince the majority of people that things are going well or a minority that things are going poorly. See also: Jobless recovery. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The recession will break nationally in the first quarter, but it will be replaced with a so-called growth recession -- that is, expansion of less than 1 percent that no one will feel. If the Federal Reserve Board has again erred on the side of constraint, Reagan's second term could begin with a growth recession or even a full-fledged recession. They say that just as the 2001 global growth recession collapsed world trade volumes, the 2002 recovery will result in a more vigorous trade rebound than is expected at present. |
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