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growth recession

   Also found in: Wikipedia 0.04 sec.
growth recession
An economy in which the output of goods and services slowly expands but unemployment remains high or grows.
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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.
Predictions For 2002. (Comment) by Lacter, Mark / Los Angeles Business Journal
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.
The prospects for Reaganomics II by Roberts, Paul Craig / National Review
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.
JPMorgan Forecasts a Global Economic Recovery Sharper and Earlier ... by Business Wire
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