Rolling recession
A rolling recession, or rolling adjustment recession, occurs when the recession only affects certain sectors of the economy at a time. As one sector enters recovery, the slowdown will ‘roll’ into another part of the economy. On the whole, rolling recessions occur regardless of nationwide or statewide economic recession, and the effects may not be in the national economic measures (e.g., gross domestic product (GDP)).[1] The recession of 1960–61 in the United States is an example of a rolling-adjustment recession.[2]
See also
[edit]References
[edit]- ^ "What is Economic Recession? - Definition, Causes & Effects - Video & Lesson Transcript | Study.com". Study.com. Retrieved 2015-11-05.
- ^ "Was the cause of the 1960 recession psychological? and now? | Angry bear". Angry Bear. Retrieved 2017-07-07.