growth recession

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Growth recession

A growth recession is a prolonged period (more than one quarter) of significantly below trend real GDP growth. For the U.S., this would be growth in the 0-2 percent range. While an official recession usually has two quarters of negative real GDP growth, this is not required in a growth recession.

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.

growth recession

An economy in which the output of goods and services slowly expands but unemployment remains high or grows.
References in periodicals archive ?
These growth recessions have been among the root causes for higher unemployment in the exporting countries of Asia and Latin America.
Growth recessions, as that term is commonly used, are periods when output grows slower than trend for a sustained period.
For six quarters after mid-2000, GDP growth slowed to well below its trend rate; thus the period qualified as a clear growth recession. But GDP declined only in the last of those quarters.
"An International Application of Neftci's Probability Approach for Signaling Growth Recessions and Recoveries Using Turning Point Indicators," in K.
an interesting likelihood of a growth recession, or a sustained period of below-trend growth, starting in the first half of 1997.