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Home > Terms > English, UK (UE) > Jobless recovery
Jobless recovery
After a recession, an expansion of real GDP that is not accompanied by a significant expansion of employment. This is possible, for example, if labour productivity expands.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
- Product:
- Acronym-Abbreviation:
Other Languages:
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