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An economic recovery is the phase of the business cycle following a recession, during which an economy regains and exceeds peak employment and output levels achieved prior to downturn. A recovery period is typically characterized by abnormally high levels of growth in real gross domestic product, employment, corporate profits, and other indicators.
This is a turning point from Contraction to Expansion and often results in increase in consumer confidence.
The United States experienced an economic recovery following the 2008 Great Recession. The country's inflation-adjusted median income has not dramatically changed since the end of the presidency of Lyndon Johnson.