Economic Recovery

The good about economic recovery? Output is up, unemployment is down, and the recession is over! The bad? You don’t need economic recovery unless there was a recession in the first place, so...that’s awkward.

In our capitalist economy, we have boom and bust cycles: times when the economy is flying high and times when the economy is down in the dumps. The part where a downturn starts looking like an upturn again is when economic recovery happens.

As with recessions, with economic recovery, we don’t know we’re there until we’re there. It can take a few months to be really sure the state of things since there’s a ton of economic indicators fluctuating all of the time, like GDP, inflation, unemployment, and the stock market.