Recovery

Recovery means a period when the economy or a market begins to improve after a decline. In simple terms, recovery happens when conditions start getting better again. Recovery is important because it can bring stronger hiring, higher spending, improved confidence, and better business results. After a recession or downturn, a recovery shows that activity is returning. For example, if companies start hiring again and consumers spend more after a weak period, the economy may be in recovery. Recovery is not always fast or even. Some parts of the economy may recover quickly, while others may remain weak for longer.