Definition of U-shaped recovery:
A U-shaped recovery is a type of economic recession and recovery that resembles a U shape when charted. A U-shaped recovery represents the shape of the chart of certain economic measures, such as employment, GDP, and industrial output. This shape occurs when the economy experiences a sharp decline in these metrics without a clearly defined trough but instead a period of stagnation followed by a relatively healthy rise back to its previous peak. A U-shaped recovery is similar to a V-shaped recovery except that the economy spends a longer time slogging along the bottom of the recession rather than immediately rebounding.
A term used to describe the contour of economic measures on a chart that depicts an economic recession and recovery with a gradual decline, a protracted and uneven bottom, and a gradual rise. The 1973-75 recession was thought to be u-shaped because of the nearly two year duration of zero or slow growth before its gradual recovery.
A U-shaped recovery describes a type of economic recession and recovery that charts a U shape, established when certain metrics, such as employment, GDP, and industrial output sharply decline and then remain depressed typically over a period of 12 to 24 months before they bounce back again. .
How to use U-shaped recovery in a sentence?
- U-shaped recoveries happen when a recession occurs and the economy does not immediately bounce back, but tumbles along the bottom for a few quarters. .
- A U-shaped recovery is so-called because major measures of economic performance take on the shape of the letter “U” during these periods.
- Examples of U-shaped recoveries are the 1973-75 Nixon recession and the 1990-91 recession following the S&L crisis.
Meaning of U-shaped recovery & U-shaped recovery Definition