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A "Project funded by The American Recovery and Reinvestment Act" project sign
An economic recovery is the phase of the business cycle following a recession. The overall business outlook for an industry looks optimistic during the economic recovery phase.
During the recovery period, the economy goes through a process of economic adaptation and change to new circumstances, including the reasons that caused the recession in the first place, as well as the new policies and regulations enacted by governments and central banks in reaction to the recession.
When displaced workers find new employment and failing enterprises are bought up or broken up by others, the labor, capital goods, and other economic resources that were tied up in businesses that failed and went under after the recession are re-employed in new industries. Recovery is the process by which the economy heals itself from the harm it has sustained, paving the way for future growth.
"Terms such as 'recovery', 'reconstruction', and 'rebuilding' might suggest a return to the status quo before the conflict. Typically, however, developmental pathologies such as extreme inequality, poverty, corruption, exclusion, institutional decay, poor policy design and economic mismanagement will have contributed to armed conflicts in the first instance and will have been further exacerbated during conflict. Accordingly, post-conflict recovery is often not about restoring pre-war economic or institutional arrangements; rather, it is about creating a new political economy dispensation. It is not about simply building back, but about building back differently and better. As such, economic recovery . . . is essentially transformative, requiring a mix of far-reaching economic, institutional, legal and policy reforms that allow war-torn countries to re-establish the foundations for self-sustaining development."[1]
^United Nations Development Programme (UNDP). Crisis Prevention and Recovery Report 2008: Post-Conflict Economic Recovery: Enabling Local Ingenuity. New York: UNDP, October 2008, 5.
An economicrecovery is the phase of the business cycle following a recession. The overall business outlook for an industry looks optimistic during the...
transferred $13.3 billion (equivalent to $173 billion in 2023) in economicrecovery programs to Western European economies after the end of World War...
EconomicRecovery Tax Act of 1981 (ERTA), or Kemp–Roth Tax Cut, was an Act that introduced a major tax cut, which was designed to encourage economic growth...
American Recovery and Reinvestment Act of 2009 (ARRA) (Pub. L.Tooltip Public Law (United States) 111–5 (text) (PDF)), nicknamed the Recovery Act, was...
European Recovery Plan may refer to: European Recovery Program (informally the Marshall Plan) in 1947 European EconomicRecovery Plan in 2008 Recovery plan...
incomes in the United States became more unequal during the post-2008 economicrecovery. Income inequality in the United States grew from 2005 to 2012 in...
The National Economic Security and Recovery Act (NESARA) is a set of proposed economic reforms for the United States suggested during the 1990s by private...
rebuilt the economic infrastructure that would later form the launching pad for the Japanese economic miracle. One reason for Japan's quick recovery from war...
the presidency of Ronald Reagan. There were two major tax cuts: The EconomicRecovery Tax Act of 1981 and the Tax Reform Act of 1986. The tax cuts popularized...
President's EconomicRecovery Advisory Board to provide the President and his administration with advice and counsel in trying to fix America's economic downturn...
stimulate economicrecovery. It also established a national public works program known as the Public Works Administration (PWA). The National Recovery Administration...
the new government taking office in 2003, there were early signs of economicrecovery in Kenya. The annual GDP growth rate continued to increase during...
Several economists have argued that lowering this debt is essential to economicrecovery in the U.S. and selected Eurozone countries. Household debt can be...
International Disaster of Perverse Economic Policies (1998) Hodson, H.V. Slump and Recovery, 1929–37: A Survey of World Economic Affairs (Oxford UP, 1938). online...
Next Generation EU (NGEU) is a European Commission economicrecovery package to support the EU member states to recover from the COVID-19 pandemic, in...
working in the position of U.S. Special Representative for Ukraine's EconomicRecovery. Pritzker was born in Chicago in 1959, the daughter of Sue (née Sandel)...
utilities. Export growth contributed to the economicrecovery, however, the bulk of the country's economic activity is in the services sector. For centuries...
underemployed. In fact, millennials have benefited the least from the economicrecovery following the Great Recession, as average incomes for this generation...
The names derive from the shape the economic data – particularly GDP – takes during the recession and recovery. In a V-shaped recession, the economy...
sections, 30 priority areas and about 500 events. According to the plan, the recovery of the economy was given one and a half years – until the end of 2021....
Black Wednesday in 1992, through campaigning on the strength of the economicrecovery following the early 1990s recession, but faced divisions within the...
Endangered species recovery plan, protocols for protecting and enhancing rare and endangered species populations Economicrecovery plans: 2008 European...
related to this article: Housing and EconomicRecovery Act of 2008 The United States Housing and EconomicRecovery Act of 2008 (commonly referred to as...
income tax rates were lowered significantly with the signing of the EconomicRecovery Tax Act of 1981, which lowered the top marginal tax bracket from 70%...
consequent restrictive economic policies worsened the impact of the global recession already underway. After a brief recovery at the end of the 1990s...
twice as fast as the Euro zone average. One of the main drivers of economicrecovery was international trade, in turn sparked by dramatic gains in labor...
would offer significant economic gains for signatory states, boost post-pandemic economicrecovery, as well as "pull the economic centre of gravity back...
government on a credit freeze in 2001 through the Zimbabwe Democracy and EconomicRecovery Act of 2001 (specifically Section 4C titled Multilateral Financing...
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