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Growth in a Recession

In: Growth Management

Author

Listed:
  • Andrew Lester

Abstract

There is a definition of an economic recession – two successive quarters in a year when the economy shrinks rather than grows. A lot of western journalists and economists refer to “negative growth”, and although it may seem a bit crazy to talk of a negative positive instead of using the simple term “a decline” it is actually a very good description.

Suggested Citation

  • Andrew Lester, 2009. "Growth in a Recession," Palgrave Macmillan Books, in: Growth Management, chapter 0, pages 169-188, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-23356-0_12
    DOI: 10.1057/9780230233560_12
    as

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