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growth recession n. A form of recession in which economic output continues to grow, but at a much slower pace than normal.

Example Citation:
"Defining a recession used to be easy. It was broadly defined as two or more consecutive quarters of falling economic output. Now, economists have taken to adding adjectives:

One favorite: a 'growth recession,' which is meant to describe an economy growing at 2% or less. (Nevermind that 2% used to be considered normal growth.)"
—Dina Temple-Raston, "Greenspan faces 'tricky' task today," USA Today, February 13, 2001

Notes:
A growth recession is most popularly known as a soft landing. The latter is also called a Downy landing, after the Downy fabric softener:


"[A] growth recession ... is a close cousin to economic 'soft landing' or 'Downy landing.'"
—David Olive, "Modern business usage," The National Post, Match 1, 2001

Related Words:
Goldilocks economy
irrational depression
job-loss recovery
nanny bubble
profitless prosperity
slowflation
X-shaped recovery

Subject Category:
Business - Economics

Posted on March 6, 2001
Updated on March 6, 2001


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