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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. This often results in increase in consumer confidence.
The United States of America experienced an economic recovery following the 'Great Recession' of 2008. Some economists believe that the country is not yet fully recovered, although some may disagree. The United States AMI (Average Median Income) has not statically changed in a dramatic way ever since the end of the Reagan Administration (inflation adjusted).
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